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Bell Hill Mfg is considering a nights offer. The company has determined that the ex-rights price would be $82. The current price is $95 per

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Bell Hill Mfg is considering a nights offer. The company has determined that the ex-rights price would be $82. The current price is $95 per share, and there are 21 million shares outstanding. The rights offer would raise a total of $70 million What is the subscription price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Subscription price

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