Question: CAN SOMEONE HELP ME WITH THIS PLEASE :) AEP Corp currently has 15000000 shares outstanding. The market price is $32/sh. AEP decides to raise additional
CAN SOMEONE HELP ME WITH THIS PLEASE :)
AEP Corp currently has 15000000 shares outstanding. The market price is $32/sh. AEP decides to raise additional funds via a 1 for 23 rights offer at $26 per share. If we assume 100% subscription, what is the value of each right? Input your answer to two decimal point of accuracy, DO NOT include the dollar sign
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