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Business, 26.05.2021 02:20 shaylawaldo11

The current stock price of OPQ Industrial Supply is $80 per share, and there are currently 7 million shares outstanding. The firm has decided to raise additional funds of $70 million through a rights offering by issuing 1 million new shares. The firm will issue one right for each existing share of stock outstanding. What is the value of one right

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