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107 The liquidity of Baja Corporation has been heading downward, and it contemplates a rights issue.There are currently 2 million shares outstanding with a market value of $60 each.The firm needs to raise $24 million and wants you to design a rights issue that will allow the new stock price to be no lower than $55 and for there to be no more than 2.5 million shares outstanding after the issue.How many shares must be held to obtain the right to one new share, and what will be the price of the new share?
Mission
The foundational statement that defines an organization's core purpose and direction.
Vision
A clear and inspirational long-term desired change resulting from an organization's or individual's work.
Values
Core beliefs or standards that guide behavior and decision-making.
Core Competencies
Resources and capabilities that serve as a firm's competitive advantage.
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