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please show with formulas used in steps, thanks Suppose Dustin Co. wants to raise $7,000,000 through rights offering. Currently there are 3,200,000 shares outstanding. Currently
please show with formulas used in steps, thanks
Suppose Dustin Co. wants to raise $7,000,000 through rights offering. Currently there are 3,200,000 shares outstanding. Currently the share price is $14 and the subscription price is \$7. Assume all shareholders exercise their rights. 1. What is the new market value of the company. 2. How many rights are needed to buy one new share. 3. What is the value of one right. 4. What is the ex-rights price Step by Step Solution
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