Wuttke Corp. wants to raise $5,375,000 via a rights offering. The company currently has 950,000 shares of common stock outstanding that sell for $55 per share. Its underwriter has set a subscription price of $30 per share and will charge Wuttke a 6 percent spread. If you currently own 6,000 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights?

Answer rating: 100% (QA)

step 1 Selling Rights W corporation is USA based company Company wants to raise 5375000 via a right offering Company has currently 950000 shares outstanding that is trading at 55 per share For the rig... View the full answer