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A CFO of a company with a market capitalization of $1B. The firm has 141M shares outstanding, so the shares are trading at 10.4 per
A CFO of a company with a market capitalization of $1B. The firm has 141M shares outstanding, so the shares are trading at 10.4 per share. Each existing shareholder is sent one right for every share he or she owns. The CFO has not decided how many rights he will require to purchase a share of new stock. He will require either 2 rights to purchase or one share at a price of $7.13 per share. or 5 rights to purchase two new shares at a price of $7.83 per share. how much money will the first approach raise?
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