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Yoma inc is attempting to raise 5000000 in new equity with

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Yoma Inc. is attempting to raise $5,000,000 in new equity with a rights offering. The subscription price will be $40 per share. The stock currently sells for $50 per share and there are 250,000 shares outstanding.

a. How many new shares will Yoma issue?

Reference no: EM13485663

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