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A company carries out a rights issue of $ 8 (subscription price), one new share being issued for two old shares (N = 2). Prior
A company carries out a rights issue of $ 8 (subscription price), one new share being issued for two old shares (N = 2). Prior to issuance, it had 100,000 shares outstanding at a price of $ 10 per unit. Calculate the total amount of new funds (funding required).
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