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What was the total amount of new money raised

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Reference no: EM132965857

Question - In 2001 the Pandora Box company made a rights issue at $5 a share of one new share for every four shares held. Before the issue there were 10 million share outstanding and the price was $6.

Required -

a. What was the total amount of new money raised?

b. What was the value of the right to buy one new share?

Reference no: EM132965857

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