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QUESTION 3 Belgravia Petroleum Inc. is proposing a rights offering. Currently, there are 360,000 shares outstanding at $89 each. There will be 60.000 new shares

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QUESTION 3 Belgravia Petroleum Inc. is proposing a rights offering. Currently, there are 360,000 shares outstanding at $89 each. There will be 60.000 new shares offered at $65 each. a. What is the new market value of the company? (1 mark) b. How many rights are associated with one of the new shares? (1 mark) c. What is the ex-rights price? (1 mark) d. What is the value of a right? (1 mark)

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