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Money Corp. is proposing a rights offering. Presently there are 800,000 shares outstanding at RM11 each. There will 100,000 new shares offered at RM8 each.
Money Corp. is proposing a rights offering. Presently there are 800,000 shares outstanding at RM11 each. There will 100,000 new shares offered at RM8 each. Calculate the following: (i) New market value of the company. (ii) Numbers of rights that associated with one new shares. (iii) The ex-rights price.
(iv) The value of a right.
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