Question: Please use the following information to answer the next TWO questions. Niblick Golf Supplies (NGS) has a current stock price of $40 and 18 million

Please use the following information to answer the next TWO questions. Niblick Golf Supplies (NGS) has a current stock price of $40 and 18 million shares outstanding. The firm would like to raise $12 million via a rights offering. The subscription price has been set at $30. Assume all shares in the offering will be sold. 26.How many rights will it take to purchase one share? A) 10 B) 15 C) 25 D) 45 27.What is the value of one right? A) $0.18 B) $0.22 C) $0.50 D) $0.75

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