Prahm Corp. wants to raise $5.3 million via a rights offering. The company currently has 590,000...

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Prahm Corp. wants to raise $5.3 million via a rights offering.The company currently has 590,000 shares of common stockoutstanding that sell for $54 per share. Its underwriter has set asubscription price of $27 per share and will charge the company aspread of 6 percent. If you currently own 7,000 shares of stock inthe company and decide not to participate in the rights offering,how much money can you get by selling your rights? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.) Your proceeds from sale of rights

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Proceeds from the sale of rights Net Proceeds per share Subscription price per share x 1 Spread 27 per share x 1 006 27 per share x 094 2538 per share New See Answer

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Prahm Corp. wants to raise $5.3 million via a rights offering.The company currently has 590,000 shares of common stockoutstanding that sell for $54 per share. Its underwriter has set asubscription price of $27 per share and will charge the company aspread of 6 percent. If you currently own 7,000 shares of stock inthe company and decide not to participate in the rights offering,how much money can you get by selling your rights? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.) Your proceeds from sale of rights