What is the ex-rights stock price

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A company's stock currently sells for $69 per share. Last week the firm issued rights to raise new equity. To purchase a new share, a stockholder must remit $19 and 3 rights.

a. What is the ex-rights stock price? Recall that the ex-rigths price is the new share price after the rights have been isued.

b. What is the price of one right?

Reference no: EM133074110

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