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Posted on Jul 22, 2024

Idaho Inc wants to raise $4.799 million via a rights offering. The company currently has 470,000 shares of common stock outstanding for $40 per share.

Underwriter has subscription price of $31 for share and will charge company a 5% spread.

You currently own 8,000 shares of stock in Idaho Inc and don't participate in the rights offering, how much money can you get by selling your rights?

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