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Hassinah, Incorporated, is proposing a rights offering. Presently, there are 8 0 0 , 0 0 0 shares outstanding at $ 4 8 each. There
Hassinah, Incorporated, is proposing a rights offering. Presently, there are shares outstanding at $ each. There will be new shares offered at $ each.
a What is the new market value of the company? Do not round intermediate calculations and round your answer to the nearest whole number, eg
b How many rights are associated with one of the new shares? Do not round intermediate calculations and round your answer to the nearest whole number, eg
c What is the exrights price? Do not round intermediate calculations and round your answer to decimal places, eg
d What is the value of a right? Do not round intermediate calculations and round your answer to decimal places, eg
tablea New market value,b Number of rights needed,c Exrights price,d Value of a right,
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