What will be ownership percentage in the company

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Question 1: You own 20,940 common shares of a company. Currently, there are 589,780 common shares outstanding. The company has just announced a rights offering whereby 76,070 shares are being offered for sale at a subscription or discounted price of $13.80 a share. The current share price is $19.30 a share. Assume that you sell all your rights and that all rights are exercised. What will be your ownership percentage in the company after the rights are exercised?

Reference no: EM132573195

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