Beta Corp. is financing a new investment using a rights issue. The subscription price is...
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Beta Corp. is financing a new investment using a rights issue. The subscription price is $11 a share. One new share can be purchased for every 3 shares held. The company currently has 6 million shares outstanding priced at $13 a share. What is the number of new shares issued through the rights issue? Question 7 options: 2 million 4 million 3 million 8 million
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