Our orders are delivered strictly on time without delay 
The company Noland Inc has 2.5 million common shares outstanding, and they have a new project in mind, the investment needed is €11 million.
The current Corp.’s stock price is 45.
Noland is debating between two scenarios:
- Three shares of outstanding stock are entitled to purchase one additional share of the new issue.
- Seven shares of outstanding stock are entitled to purchase one additional share of the new issue.
What are the ex-rights stock price, the value of a right, and the appropriate subscription prices under scenarios 1 and 2?
