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Skyway Airlines has announced a rights offering for its shareholders. Harold Post owns 1,500 shares of Skyway Airlines stock. Four rights plus $55 cash are

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Skyway Airlines has announced a rights offering for its shareholders. Harold Post owns 1,500 shares of Skyway Airlines stock. Four rights plus $55 cash are needed to buy one of the new shares. The stock is currently seling for $68 tights-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? Number of shares b-2. How much cash would this require? Cash required c. Not available for Connect

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