What is the subscription price


Problem:

Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $66. The current price is $80 per share, and there are 42 million shares outstanding. The rights offer would raise a total of $70 million.

Required:

Question: What is the subscription price?

Note: Please provide full description.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What is the subscription price
Reference No:- TGS0894003

Expected delivery within 24 Hours