What is the subscription price

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Reference no: EM133665204

Problem: Kiser Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $92. The current price is $99 per share, and there are 42 million shares outstanding. The rights offer would raise a total of $80 million. What is the subscription price?

Reference no: EM133665204

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What is the subscription price : The current price is $99 per share and there are 42 million share outstanding. The rights offer would raise total of $80 million. What is the subscription price

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