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Problem 2 0 - 1 3 Rights A company s stock currently sells for $ 6 1 per share. Last week the firm issued rights
Problem Rights
A companys stock currently sells for $ per share. Last week the firm issued rights to raise new equity. To purchase a new share, a stockholder must remit $ and rights.
a What is the exrights stock price? Do not round intermediate calculations and round your answer to decimal places, eg
b What is the price of one right?
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