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A company has 70.0 million shares outstanding. The price per share is $20. The company wants to raise $270 million by doing a rights issue.
A company has 70.0 million shares outstanding. The price per share is $20. The company wants to raise $270 million by doing a rights issue. Each existing shareholder will receive one right for each share they own. The subscription price is set at $15. What will be the price per share after the rights issue is completed?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
