Business, 28.05.2020 00:01 amyeaglin2003

Bell Hill Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $78. The current price is $100 per share, and there are 25 million shares outstanding. The rights offer would raise a total of $50 million. What is the subscription price? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Bell Hill Mfg. is considering a rights offer. The company has determined that the ex-rights price wo...