Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be
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Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $83. The current price is $89 per share, and there are 24 million shares outstanding. The rights offer would raise a total of $50 million. What is the subscription price?
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Related Book For 
Fundamentals of corporate finance
ISBN: 978-0078034633
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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