QUESTION

Text
Image


Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $\$ 58$. The current price is $\$ 60.80$ per share and there are 5 million shares outstanding. The rights offer would raise a total of $\$ 44,000,000$. How many rights are required to get a new share? Round your answer to the nearest integer. Enter your answer below. 5 Correct response: 5 Given that 5 rights are needed to get a new share, what is the subscription price (the price for a new share)? Round your answer to 2 decimal places. Enter your answer below. Number

Public Answer

85CPMK The First Answerer