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Winter Corp.'s stock is currently selling at $27 per share. There are 1 million shares outstanding. The firm is planning to raise $2 million
Winter Corp.'s stock is currently selling at $27 per share. There are 1 million shares outstanding. The firm is planning to raise $2 million to finance a new project. What are the ex-rights stock price and the value of a right if two shares of outstanding stock are entitled to purchase one additional share of the new issue? (Please keep two digits after the decimal point e.g. 4.56 or 1.23) Ex-rights price=$ Value of a right=$
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