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Percentage in the digital sound company

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Jenna owns 600 shares of stock in the Digital Sound Company. Currently, there are 900,000 shares of stock outstanding. The company has just announced a rights offering whereby 300,00C shares are being offered for sale at a subscription price of $30 a share. The current stock price is $39 a share. Assume that Jenna sells her rights and that all rights are exercised. What will Jenna's ownership percentage in the Digital Sound Company be after the rights are exercised?

Reference no: EM132500743

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