You decide to raise $2 million in additional funding via a rights offering. Every shareholder will receive one right for

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answerhappygod
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You decide to raise $2 million in additional funding via a rights offering. Every shareholder will receive one right for

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You decide to raise $2 million in additional funding via a
rights offering. Every shareholder will receive one right for every
share of stock they own. The offering consists of a total of
250,000 new shares. The current market price of your stock is $10.
Currently, there are 1 million shares outstanding. What is the
value of one right?
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