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What is the ex-rights price (the share price after the offer is complete)? Round your answer to 2 decimal places The Clifford Corporation has announced
What is the ex-rights price (the share price after the offer is complete)? Round your answer to 2 decimal places
The Clifford Corporation has announced a rights offer to raise $13 million. The stock currently sells for $24 per share and there are 2 million shares outstanding. If the subscription price is set at $13 per share, how many shares must be sold? Enter your answer below. 1,000,000 Correct response: 1,000,000 Given that 1,000,000 new shares will be sold, how many rights will it take to buy one share? Enter your answer below. 2 Correct response: 2 What is the ex-rights price (the share price after the offer is complete)? Round your answer to 2 decimal places. Enter your answer below. NumberStep by Step Solution
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