Question
company A's stock is currently priced for $53 per share and there are 4.1 million shares outstanding. company A plans to raise $40million through a
company A's stock is currently priced for $53 per share and there are 4.1 million shares outstanding. company A plans to raise $40million through a rights offer. if the subscription price is $48 per share.
a). how many shares must be sold? b). how many rights will it take to buy one share? c). what is the ex-rights price? d). what is the value of a right?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
1st Edition
3540762329, 978-3540762324
