Midstrata Company has announced a right offer. The company will take 4 right to buy a new
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Midstrata Company has announced a right offer. The company will take 4 right to buy a new share at a subscription price of $35.at the end of the announcement day before the ex-right day, the company has a market price of $60. Next day in the morning the price in the market has been dropped to 53 per share and so the right can be sold at $3 per right. Calculate Are the price and the rights correctly priced?
Related Book For
Project management the managerial process
ISBN: 978-0073403342
5th edition
Authors: Eric W Larson, Clifford F. Gray
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