Wong Tai Sin Corporation s stock currently sells for $ 9 0 per share. There are cur
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Question:
Wong Tai Sin Corporations stock currently sells for $ per share. There are currently shares outstanding. Yesterday the firm has issued rights to raise new equity capital. To purchase a new share, a stockholder must remit $ and three rights. The exrights date is tomorrow.
a points How much equity capital will the firm raise by the rights issuance?
b points What is the exrights share price?
c points What is the value of one right?
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