Skyway Airlines has announced a rights offering for its shareholders. Harold Post owns 2,600 shares...
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Skyway Airlines has announced a rights offering for its shareholders. Harold Post owns 2,600 shares of Skyway Airlines stock. Eight rights plus $66 cash are needed to buy one of the new shares. The stock is currently selling for $84 rights-on a. What is the value of a right? (Round the final answer to 2 decimal places.) Value per right b-1. How many of the new shares could Harold buy if he exercised all his rights? Number of shares b-2. How much cash would this require? Cash required $ c. This part of the question is not part of your Connect assignment
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