Question
Alpha Corp. currently has the number of shares outstanding mentioned below. The market price of the shares is also given. Alpha Corp. decides to raise
Alpha Corp. currently has the number of shares outstanding mentioned below. The market price of the shares is also given. Alpha Corp. decides to raise additional funds via a 2 for 5 rights offer at the issue price provided. If we assume 100% subscription, what is the value of each right
- Number of shares outstanding = 2,500,000
- Market price per share = $21.40
- Issue Price = $11.70
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
