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 $79. The current price is $98 per share, and there are 20 million shares outstanding. The rights offer would raise a total of $50 million.

What is the subscription price?

 

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