Modern times ltd has 15000000 shares outstanding it wishes


Modern Times ltd has 15,000,000 shares outstanding. It wishes to issue 3,000,000 new shares via a rights issue. If the current stock price is 50 and the subscription price is 45 per share, calculate the value of a right to the holder of that right.

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Financial Management: Modern times ltd has 15000000 shares outstanding it wishes
Reference No:- TGS01033289

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