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How many shares must be sold

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Question: The Clifford Corporation has announced a rights offer to raise $88 million. The stock currently sells for $24 per share and there are 72 million shares outstanding. If the subscription price is set at $11 per share, how many shares must be sold? The response must be typed, double spaced, times new roman, font size 12 and must follow APA format.

Reference no: EM132752370

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