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A CFO of a company with a market capitalization of $ 1 B . The firm has 1 2 8 million shares outstanding, so the
A CFO of a company with a market capitalization of $ The firm has million shares outstanding, so the shares are trading at $ 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 rights to purchase one share at a price of $ per share, or rights to purchase two new shares at a price of $ per share. How much money will the first approach raise?
NOTE: Answer in Millions. If your answer is answer
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