Hothouse Mfg. is considering a rights offer. The company has determined that the ex rights price will
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Hothouse 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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Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
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