A firm currenlty has 20000000 shares with a price of 25 per, Financial Management

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A firm currenlty has 20000000 shares with a price of 25 per

A firm currenlty has 20,000,000 shares with a price of 25 per share. they want to issue another 2,000,000 shares so they give each shareholder the right to buy .1 shares of new stock for 2.00 ( it will take ten rights to buy one new share for 20.00). How much are each of those rights worth?

a. 24

b. 45

c. 76

d. 1.11

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Financial Management: A firm currenlty has 20000000 shares with a price of 25 per

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Financial Management: A firm currenlty has 20000000 shares with a price of 25 per

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