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Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $54. The current price is $64.00 per share
Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $54. The current price is $64.00 per share and there are 8.5 million shares outstanding. The rights offer would raise a total of $144,500,000 How many rights are required to get a new share? Round your answer to the nearest integer. Enter your answer below. 2 Correct response: 2 Given that 2 rights are needed to get a new share, what is the subscription price (the price for a new share)? Round your answer to 2 decimal places. Enter your answer below. Number
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