Question
A company has a million shares outstanding and shares are trading at $50 a share. The company wants to raise $2 million by issuing rights
A company has a million shares outstanding and shares are trading at $50 a share. The company wants to raise $2 million by issuing rights to existing shareholders at a subscription price of $40. The value of each Right is:
| A. | $10.00 | |
| B. | About $0.48 | |
| C. | About $49.52 | |
| D. | $2.00 |
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The History Of Lloyd S And Of Marine Insurance In Great Britain
Authors: Frederick Martin
1st Edition
1421206269, 978-1421206264
