Question
ABC Inc has 11,500,000 shares outstanding. The price per share is $35.00. The company plans on raising $170,000,000 by issuing rights to its existing shareholders.
ABC Inc has 11,500,000 shares outstanding. The price per share is $35.00. The company plans on raising $170,000,000 by issuing rights to its existing shareholders. The subscription price will be $19.50. How many rights does it take to buy one new share? Your answer should be accurate to two decimal places.
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The Entrepreneur's Growth Startup Handbook 7 Secrets To Venture Funding And Successful Growth
Authors: David N. Feldman
1st Edition
1118445651, 978-1118445655
