Calculate the value of a right

Reference no: EM13274973

Image Storage Corporation has #1,000,000 shares outstanding. It wishes to issue 500,000 new shares using rights issue. If the current stock price is $50 and the subscription price is $47/share, calculate the value of a right? a. 0.40/right b. 5.00/right c. 2.50/right d. 1.00/right

Reference no: EM13274973

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