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Brown Corporation Currently has 14 million shares of stock outstanding at a price of 538 per share. The company would like to raise money and

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Brown Corporation Currently has 14 million shares of stock outstanding at a price of 538 per share. The company would like to raise money and has announced a nights issue Every existing shareholder will be sent one night per share of stock that he or she owns. The company plans to require ten rights to purchase one sbare at a price of 538 per share How much money will it tarse if all rights are exercised? a The company will be able to raise million (Round to one decimal place

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