What is the value of a right and ex-rights price

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Reference no: EM13767642

Bowman, Inc., is proposing a rights offering. Presently there are 600,000 shares outstanding at $47 each. There will be 120,000 new shares offered at $38 each.

What is the new market value of the company?

How many rights are associated with one of the new shares?

What is the ex-rights price? (Round your answer to 2 decimal places. (e.g., 32.16))

What is the value of a right? (Round your answer to 2 decimal places. (e.g., 32.16))

Reference no: EM13767642

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