The current stock price of OPQ Industrial Supply is $80 per share, and there are currently 7 million shares outstanding. The firm has decided to raise additional funds of $70 million through a rights offering by issuing 1 million new shares. The firm will issue one right for each existing share of stock outstanding. What is the value of one right

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.