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How many old shares are required

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Reference no: EM133094162

Question - Beta Company expects to purchase a new shop which requires $3,000,000 and the company has decided to conduct rights offering with a subscription price of $6 per share. Now the company has 2.5 million shares outstanding which can be bought at $10 per share. How many old shares are required if an investor wants to buy one new share at the subscription price?

Reference no: EM133094162

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