Multiple Choice
Precise Machining is considering a rights offer.The company has determined that the ex-rights price would be $46.The current price is $53 per share,and there are 7 million shares outstanding.The rights offer would raise a total of $70 million.What is the subscription price?
A) $26.48
B) $27.06
C) $27.50
D) $28.18
E) $29.10
Correct Answer:
Verified
Correct Answer:
Verified
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