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The Clifford Corporation has announced a rights offer to raise $36 million. The stock currently sells for $28 per share and there are 18
The Clifford Corporation has announced a rights offer to raise $36 million. The stock currently sells for $28 per share and there are 18 million shares outstanding. If the subscription price is set at $12 per share, how many shares must be sold?
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
