Business, 11.02.2020 19:50 tonya3498

Hickock, 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.

a. What is the new market value of the company? (Do not round intermediate calculations.)
New market value $
b.
How many rights are associated with one of the new shares? (Do not round intermediate calculations.)

Number of rights needed
c. What is the ex-rights price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e. g., 32.16.)
Ex-rights price $
d. What is the value of a right? (Do not round intermediate calculations. Round your answer to 2 decimal places, e. g., 32.16.)

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Hickock, Inc., is proposing a rights offering. Presently there are 600,000 shares outstanding at $47...

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