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A company with 1,100,000 shares outstanding that sell for $40 each is considering a rights offering. If 275,000 new shares are offered at $30 each,
A company with 1,100,000 shares outstanding that sell for $40 each is considering a rights offering. If 275,000 new shares are offered at $30 each, how many rights will it take to buy one of the new shares via the rights offering?
Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas in your response. For example, an answer of 1,000.50 should be entered as 1000.50.
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