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Question is already solved , just explain the calculations (STEP BY STEP ) QUESTION: ABC Inc in considering a right offer . The company has
Question is already solved , just explain the calculations (STEP BY STEP )
QUESTION:
ABC Inc in considering a right offer . The company has considered that the Ex-right price would be the $52 . The current price is $55 per share & there are 5 Million shares outstanding .The right offer would raise a total of $60 Million .What is the subscription price?
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