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Mid Term GBUS 643 Sted Help Save 14 Associated Breweries is planning to market alcohol-free beer. To finance the venture, it proposes to make a
Mid Term GBUS 643 Sted Help Save 14 Associated Breweries is planning to market alcohol-free beer. To finance the venture, it proposes to make a rights issue at $11 of one new share for each eight shares held. (The company currently has outstanding 160,000 shares priced at $29 a share.) Assuming that the new money is invested to earn a fair return, give values for the following: (For requiremente, do not round intermediate calculations. Round your answers to 2 decimal places.) a Number of new shares b. Amount of new investment Total value of company after issue d. Total number of shares her issue e. Stock price after issue Me Graw Hill stv
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