A company wants to raise 100 million subscription price is


Question: A company wants to raise $100 million. Subscription price is $17, and the stock price is $27. The firm currently has 2,500,000 outstanding shares.

How many shares must be issued?

How many rights will it take to purchase a share?

What is the value of a right?

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Finance Basics: A company wants to raise 100 million subscription price is
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