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teryy plans to raise $100 million through a seasoned equity offering of 2 million new shares. To limit dilution for its existing shareholders,terry will conduct
teryy plans to raise $100 million through a seasoned equity offering of 2 million new shares. To limit dilution for its existing shareholders,terry will conduct a rights offering to allocate the newly issued equity. Currently the company has 10 million shares priced at $29.40 in public markets. Assuming an existing shareholder (with one share) wanted to sell of their right, they would receive _____ , and after the transaction the price of terry's equity will be ______ per share.
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