K ces Boles Bottling Company has issued rights to its shareholders. The subscription price is...
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K ces Boles Bottling Company has issued rights to its shareholders. The subscription price is $62 and five rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $74 rights-on. a. What would be the value of one right? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Value of one right b. If the stock goes ex-rights, what would the new stock price be? Note: Do not round intermediate calculations and round your answer to 2 decimal places. New stock price
Boles Bottling Company has issued rights to its shareholders. The subscription price is $62 and five rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $74 rights-on. a. What would be the value of one right? Note: Do not round intermediate calculations and round your answer to 2 decimal places. b. If the stock goes ex-rights, what would the new stock price be? Note: Do not round intermediate calculations and round your answer to 2 decimal places
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