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Question 8 DIY has 14,508 shares outstanding at $32.1 each. They expect to raise $171,503 by a rights offering. If the ex-rights stock price is

Question 8

DIY has 14,508 shares outstanding at $32.1 each. They expect to raise $171,503 by a rights offering. If the ex-rights stock price is $27.8. what must be the subscription price?

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