Question
a. What are some of the differences between floatation, secondary share issue and private placement? b. VistaView is considering a rights of issue to raise
a. What are some of the differences between floatation, secondary share issue and private placement?
b. VistaView is considering a rights of issue to raise $70 million to finance a new project. Its paid-up capital is 40 million ordinary shares, and the current share price is $10. The issue price for the rights offering would be $7 per share. What is the value of one right?
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
