What is the subscription price

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Question - Riverside construction Inc. has determined to expand its business in Orleans, which requires $50 million to be raised via a rights offering. Five rights will be required to purchase each new share of stock. Currently, you can buy one share of Riverside construction Inc. at $300 per share and there are 2.5 million shares outstanding have been issued in the past. What is the subscription price?

Reference no: EM133056714

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