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  3. winter corp.'s stock is currently selling at $27 p

Winter Corp.'s stock is currently selling at $27 per share. There are 1 million shares...

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Accounting

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Winter Corp.'s stock is currently selling at $27 per share. There are 1 million shares outstanding. The firm is planning to raise $2 million to finance a new project. What are the ex-rights stock price and the value of a right if two shares of outstanding stock are entitled to purchase one additional share of the new issue? (Please keep two digits after the decimal point e.g. 4.56 or 1.23 ) Ex-rights price =$ Value of a right =$

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