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What is the ex-rights price per share

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Reference no: EM132813877

Atlas Corp. wants to raise $2.6 million via a rights offering. The company currently has  450,000 shares of common stock outstanding that sell for $26 per share. Its underwriter has set a subscription price of $22 per share and will charge the company a spread of 7 percent. Assume you currently own 1,200 shares of this stock and decide not to participate in the rights offering.

Required:

Problem A. What is the ex-rights price per share?

Problem B. What is the value of a right?

Problem C. How much money should you receive for selling all of your rights?

Reference no: EM132813877

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