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Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $76. The current price is $90 per share,
Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $76. The current price is $90 per share, and there are 36 million shares outstanding. The rights offer would raise a total of $60 million. What is the subscription price?
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