Question
A Hamilton firm has 800,000 shares outstanding at a market price of $120 a share. It wants to raise $16 million via a rights offering.
A Hamilton firm has 800,000 shares outstanding at a market price of $120 a share. It wants to raise $16 million via a rights offering. The subscription price is $100 per share. What is the value of a right?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
