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Hyde, Inc., Is proposing a rights offering. Presently, there are 400,000 shares outstanding at $54 each. There will be 25.000 new shares offered at $45
Hyde, Inc., Is proposing a rights offering. Presently, there are 400,000 shares outstanding at $54 each. There will be 25.000 new shares offered at $45 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, e.g., 32.) 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, e.g., 32.) c. What is the ex-rights price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the value of a right? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New market value Number of rights needed Ex-rights price Value of a right
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