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Computer Graphics has announced a rights offering for its shareholders. Carol Stevens owns 1,200 shares of Computer Graphics stock. Five rights plus $52 cash are
Computer Graphics has announced a rights offering for its shareholders. Carol Stevens owns 1,200 shares of Computer Graphics stock. Five rights plus $52 cash are needed to buy one of the new shares. The stock is currently selling for $62 rights-on. 0. What is the value of a right? Note: Do not round intermediate colculations. Round your answer to 2 decimal places. Value per right b-1. How many of the new shares could Carol buy if she exercised all her rights? Note: Do not round intermediate calculations. Round your answer down to the nearest whole number. Number of shares b-2. How much cash would this require? Note: Round down the number of shores to the nearest whole number and round
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