Proposing rights offering

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Reference no: EM131354367

British Columbia Ltd. is proposing a rights offering. Currently there are 500,000 shares outstanding at $60 each. The company is considering $5,200,000 new equity offered to existing shareholders through a rights offering with a subscription price of $52 per share. How many rights are required to buy one new share? What is the new share price? What is the value of a right?

Reference no: EM131354367

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