question archive Barstow Industrial Supply has decided to raise $27
Barstow Industrial Supply has decided to raise $27
Subject:FinancePrice: Bought3
Barstow Industrial Supply has decided to raise $27.52 million in additional funding via a rights offering. The firm will issue one right for each share of stock outstanding. The offering consists of a total of 860,000 new shares. The current market price of the
stock is $35. Currently, there are 5.16 million shares outstanding.
What is the value of one right?
