Moullierat Mfg. is considering a rights offer. The company has determined that the ex-rights price will be
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Moullierat Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $64. The current price is $73 per share, and there are 10 million shares outstanding. The rights offer would raise a total of $58 million. What is the subscription price?
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Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-1259289903
5th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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