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Delovely Productions Limited wants to raise $36 million for shows A rights offering will be used to raise the necessary capital from existing shareholders. Each
Delovely Productions Limited wants to raise $36 million for shows A rights offering will be used to raise the necessary capital from existing shareholders. Each of the four million shareholders will receive one night. The subscription price is $18 per share, and the market price of the existing shares is currently $26. Calculate the value of a right at the present time (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Right value S 100
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