Ashford BUS 430 Week 3 Assignment Rights Issues
Rights Issues. Due by Day 7. Image Storage Corporation has 1,000,000 shares outstanding. It wishes to issue 500,000 new shares using a (North American) rights issue. If the current stock price is $50 and the subscription price is $47/share, calculate the value of a right. Based on your calculation, explain and interpret the results in a one page memo to management.
You should show all calculations for the assignment. In addition to the required text, provide at least two scholarly references to support your paper. Your paper should be formatted in APA style as outlined in the Ashford Writing Center.
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