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    Rights Issue

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    4) The Holly Corporation has a new rights offering that allows you to buy one share of stock with 4 rights and $25 per share. The stock is now selling ex-rights for $30. The price rights-on is:

    Please place in Excel.

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    https://brainmass.com/business/business-law/440810

    Solution Preview

    Please see the attached Excel File for format and formulas:

    4) The Holly Corporation has a new rights offering that allows you to buy one share of stock with 4 rights and $25 per share. The stock is now selling ...

    Solution Summary

    Calculates the rights-on price of a stock.

    $2.19

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