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Hickock, Inc., is proposing a rights offering. Presently there are 200,000 shares outstanding at S55 each. There will be 10,000 new shares offered at S50
Hickock, Inc., is proposing a rights offering. Presently there are 200,000 shares outstanding at S55 each. There will be 10,000 new shares offered at S50 each. What is the new market value of the company? (Do not round intermediate calculations.) How many rights are associated with one of the new shares? (Do not round intermediate calculations.) What is the ex-rights price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) What is the value of a right? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)
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