What each current shareholder have to provide to purchase, Corporate Finance

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What each current shareholder have to provide to purchase

Problem

UpNorth Group Inc. has decided to raise $5,000,000.00 in capital by issuing 75,000 new shares of common stock in a rights offering. Currently, there are 900,000 shares outstanding. What will each current shareholder have to provide to purchase one share of this new offering?

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Corporate Finance: What each current shareholder have to provide to purchase

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Corporate Finance: What each current shareholder have to provide to purchase

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