What is the expected price per share

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Monster Inc. is planning a rights offering. The company has 10Mil shares outstanding with market value of $10 per share. It plans to issue 2 mil new shares with a right offering exercise price of $8 per share plus 50 rights. Base on these terms, what is the value of one right and what is the expected price per share after the offering is completed?

Reference no: EM131910116

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