Question: Hoobastink Mfg is considering a rights offer The company has

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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  • CreatedAugust 28, 2014
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