Rachel5223 Rachel5223

02-11-2022
Business

Answered

prahm corp. wants to raise $4.7 million via a rights offering. the company currently has 530,000 shares of common stock outstanding that sell for $55 per share. its underwriter has set a subscription price of $30 per share and will charge the company a spread of 6 percent. if you currently own 5,000 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights?

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