What is the value of right- how many shares must be issued

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Reference no: EM131535384

A company wants to raise 50 million dollars. The subscription price is 23 dollars and the current stock price is 27 dollars. There are currently 3.5 million shares outstanding

How many shares must be issued?

How many rights will it take to purchase one share?

What is the value of a right?

Reference no: EM131535384

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