Business, 28.11.2019 00:31 romanlittlewood

Barstow industrial supply has decided to raise $27.52 million in additional funding via a rights offering. the firm will issue one right for each share of stock outstanding. the offering consists of a total of 860,000 new shares. the current market price of the stock is $38. currently, there are 6.80 million shares outstanding. what is the value of one right? provide your answer in dollars, with at least two digits to the right of the decimal (e. g. 0.01).

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Barstow industrial supply has decided to raise $27.52 million in additional funding via a rights off...

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