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Leah, Inc., is proposing a rights offering. Presently there are 600,000 shares outstanding at $63 each. There will be 150,000 new shares offered at $55
Leah, Inc., is proposing a rights offering. Presently there are 600,000 shares outstanding at $63 each. There will be 150,000 new shares offered at $55 each. a. What is the new market value of the company? (Do not round intermediate b. How many rights are associated with one of the new shares? (Do not round c. What is the ex-rights price? (Do not round intermediate calculations and round your d. What is the value of a right? (Do not round intermediate calculations and round your calculations.) intermediate calculations.) answer to 2 decimal places, e.g., 32.16.) answer to 2 decimal places, e.g., 32.16.) a. New market value b. Number of rights needed c. Ex-rights price d. Value of a right
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