CHAPTER 17 PROBLEM 12

Boles Bottling Co. has issued rights to its shareholders. The subscription price is $45 
and four rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $55 rights-on.
	a.	What would be the value of one right?
	b.	If the stock goes ex-rights, what would the new stock price be?

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