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c) The Branding Icon Company has 1,000,000 shares outstanding at 45/ share. the firm wishes to raise 20.25 million at a subscription price (rights offering)

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c) The Branding Icon Company has 1,000,000 shares outstanding at 45/ share. the firm wishes to raise 20.25 million at a subscription price (rights offering) of $40.50 per share, calculate the value of a right. Assume 100% subscription

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