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What is the subscription price-milne mfg

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Reference no: EM132652348

Milne Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $75. The current price is $96 per share, and there are 15 million shares outstanding. The rights offer would raise a total of $60 million.

What is the subscription price? (Round the final answer to 2 decimal places. Omit $ sign in your response.)

Reference no: EM132652348

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