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Mitsi Inventory Systems, Inc., has announced a rights offer. The
company has announced that it will 1 answer below » Mitsi Inventory Systems, Inc., has announced a rights offer. The
company has announced that it will take three rights to buy a new
share in the offering at a subscription price of $53. At the close
of business the day before the ex-rights day, the companyAc€?cs stock
sells for $80 per share. The next morning, you notice that the
stock sells for $65 per share and the rights sell for $2 each. What is the value of the stock
ex-rights? (Do not round intermediate calculations. Round
your answer to 2 decimal places (e.g., 32.16).) View complete question » Stock
price ex rights $& Mitsi Inventory Systems, Inc., has announced a rights offer. The
company has announced that it will take three rights to buy a new
share in the offering at a subscription price of $53. At the close
of business the day before the ex-rights day, the companyAc€?cs stock
sells for $80 per share. The next morning, you notice that the
stock sells for $65 per share and the rights sell for $2 each. What is the value of the stock
ex-rights? (Do not round intermediate calculations. Round
your answer to 2 decimal places (e.g., 32.16).) Stock
price ex rights $ What is the value of one right?
Calculate your answer based on the actual ex-rights price. (Do not round intermediate calculations.) Value of one
right $ Are the rights underpriced or
overpriced? (Click to
select)UnderpricedOverpriced What is the amount of instant profit you can make on ex-rights
day per share? Instant profit $ View less » Aug 05 2015 06:15 AM
