71. Barstow Industrial Supply has decided to raise $27.52 million in additional funding via a rights offering. The firm will issue one right for each share of stock outstanding. The offering consists of a total of 860,000 new shares. The current market price of the stock is $35. Currently, there are 5.16 million shares outstanding. What is the value of one right?

  

Answer rating: 100% (QA)

To find the value of one right we first need to determine the theoretical exrights price TERP and th... View the full answer