Question
A companys stock currently sells for $70 per share. The company wants to issue rights to raise new equity. To purchase a new share, a
A companys stock currently sells for $70 per share. The company wants to issue rights to raise new equity. To purchase a new share, a stockholder must remit $30 and two rights. What is the ex-rights stock price?
a. 56.67
b. 50.55
c. 67.23
d. 8.99
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School Finance And Business Management Optimizing Fiscal Facility And Human Resources
Authors: Craig A. Schilling, Daniel R. Tomal
2nd Edition
1475844026, 978-1475844023
