Business, 31.05.2021 01:00 datboyjulio21
XYZ Corporation wants to raise additional capital without using an underwriter by issuing rights to its existing shareholders. The company needs to raise $40,000,000 to build a new manufacturing plant. Its common stock is currently trading at $43 and the subscription price for a rights holder is set at $40. The company has 2,000,000 shares outstanding. Which statement is TRUE for the owner of 100,000 XYZ common shares
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