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Simpkins, Inc., is proposing a rights offering. Presently, there are 8 0 0 , 0 0 0 shares outstanding at $ 7 7 each. There
Simpkins, Inc., is proposing a rights offering. Presently, there are shares outstanding at $ each. There will be new shares offered at $ each.
a What is the new market value of the company? Do not round intermediate calculations.
b How many rights are associated with one of the new shares? Do not round intermediate calculations.
c What is the exrights price? Do not round intermediate calculations and round your answer to decimal places, eg
d What is the value of a right? Do not round intermediate calculations and round your answer to decimal places, eg
tableaNew market value,bNumber of rights needed,rightscExrights price,dValue of a right,
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