Borkin, incorporated is prosing a rights offering. Currently, there are 560,000 shares outstanding at $85 each. There will be 65,000 new shares offered at $84 each. Calculate the followin Custom Essay

Borkin, incorporated is prosing a rights offering. Currently, there are 560,000 shares outstanding at $85 each. There will be 65,000 new shares offered at $84 each. Calculate the following: The new market value of the company, The number of rights associated with one of the new shares, the ex-rights price, and the value of a right

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