Taskin owns 1,000 shares of stock in the Tiger Roar Company. Currently, there are 850,000 shares of
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Taskin owns 1,000 shares of stock in the Tiger Roar Company. Currently, there are 850,000 shares of stock outstanding. The company has just announced a rights offering whereby 225,000 shares are being offered for sale at a subscription price of $25 a share. The current stock price is $32.50 a share. Assume that Taskin sells his rights and that all rights are exercised. What will Taskin's ownership percentage in the Tiger Roar Company be after the rights are exercised?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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