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How many rights will be required to buy a share

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Question - Myers Inc. currently has 4,450,000 shares outstanding, and they trade at a price of $57.53. They need to raise $38,000,000 in new funding, and will execute a Rights Offering at a subscription price of $50.00 per share.

How many rights will be required to buy a share in the Rights Offering?

At the current share price, what will be the price of the firm's shares after the Rights Offering?

At the current share price, what will be the price of one Right leading up to the subscription?

Reference no: EM132938882

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