What is the subscription price

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Reference no: EM132224170

Moullerart mfg. is considering a rights offer. The company has determined the ex rights price will be $72. The current price is $82 per share, and there are 40 million shares outstanding. The rights offer would raise a total of $80 million. What is the subscription price? Round your answer 2 decimal places, e.g 32.16

Reference no: EM132224170

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