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Skyway Airlines has announced a rights offering for its shareholders. Harold Post owns 1400 shares of Skyway Airlines stock. Four rights plus $54 cash are
Skyway Airlines has announced a rights offering for its shareholders. Harold Post owns 1400 shares of Skyway Airlines stock. Four rights plus $54 cash are needed to buy one of the new shares. The stock is currently selling for $66 rights-on a. What is the value of a right? (Round the final answer to 2 decimal places.) Value per right $ b-1. How many of the new shares could Harold buy if he exercised all his rights? 07:59 Number of shares b-2. How much cash would this require? Cash required $ c. This part of the question is not part of your Connect assignment
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