Keira mfg is considering a rights offer the company has, Finance Basics

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Keira mfg is considering a rights offer the company has

Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $73. The current price is $85 per share, and there are 60 million shares outstanding. The rights offer would raise a total of $80 million.

What is the subscription price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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Finance Basics: Keira mfg is considering a rights offer the company has

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Finance Basics: Keira mfg is considering a rights offer the company has

Reference No:- TGS0611068

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Recent Questions Asked Finance Basics

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Request for Solution File

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Finance Basics: Keira mfg is considering a rights offer the company has

Reference No:- TGS0611068

Recent Questions Asked Finance Basics

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