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A company needs to raise $60,000 in a rights offering for their current year's capital...

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A company needs to raise $60,000 in a rights offering for their current year's capital budget. The company is authorized to have unlimited shares outstanding and currently has 90,000 shares issued and outstanding. The subscription price will be $6 per share and the current stock price is $10 per share. You currently own 1080 shares of this company. a. How many new shares will need to be issued? b. How many rights will you need to provide if you want to buy one of the new shares? c. What is the value of each right? d. On the announcement date what is the value of your wealth that you've invested in this organization and what percentage of the company do you own? e. Before the expiry date you decide to exercise your rights. What is your net wealth position and what percentage of the company do you own

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