Rights hoobastink mfg is considering a rights offer the, Finance Basics

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Rights hoobastink mfg is considering a rights offer the

Rights Hoobastink Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $61. The current price is $68 per share, and there are 10 million shares outstanding. The rights offer would raise a total of $60 million. What is the subscription price?

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Finance Basics: Rights hoobastink mfg is considering a rights offer the

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Finance Basics: Rights hoobastink mfg is considering a rights offer the

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