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What would be the stock price on the ex-right day

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Question - Your company is planning to raise $2,500,000 through rights offering. Four rights will be required to purchase each new share of stock. The company's stock can he purchased at $6 per share and there are 2.5 million shares outstanding in the market. What would be the stock price on the ex-right day?

Reference no: EM133088127

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