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Subscription Price Assignment | Top Universities

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Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price woukld be S68. The current price is S84.00 per share and there are 3.5 million shares outstanding. The rights offer would raise a total of $63,000,000 How many rights are required to get a new share? Round your answer to the nearest integer. Enter your answer below. 68.00 Correct response …

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