Kiser Mfg. is considering a rights offer. The company has determined that the ex-rights price will be
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Kiser Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $53. The current price is $58 per share, and there are 9.2 million shares outstanding. The rights offer would raise a total of $45 million. What is the subscription price?
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Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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