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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 $56.25 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 $56.25 per share and there are 5.5 million shares outstanding. The rights offer would raise a total of $24,750,000 How many rights are required to get a new share? Round your answer to the nearest integer. Enter your answer below. Number Blue Corporation stock currently sells for $60 per share. There are 4 million shares currently outstanding. The company announces plans to raise $8 million by offering shares to the public at a price of $60 per share. If the underwriting spread is 7%, how many shares will the company need to issue in order to be left with net proceeds of $8 million? Enter your answer as a whole number not in millions. (For example, 1,000,000 not 1 million.) Shares = Number Section Attempt 1 of 1 Verify
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