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QUESTION
Monster Inc. is planning a rights offering. The company has 10Mil shares outstanding with market value of $10 per share.
Monster Inc. is planning a rights offering. The company has 10Mil shares outstanding with market value of $10 per share. It plans to issue 2 mil new shares with a right offering exercise price of $8 per share plus 50 rights. Base on these terms, what is the value of one right and what is the expected price per share after the offering is completed?
