Subscription Rights Stock Offer

mthomps2 | 20:25 Fri 03rd Jul 2009 | Business & Finance

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I own shares in a corporation that has announced a "Subscription Rights Offer" by which I can purchase up to an equal number of shares that I now own. The par value on the stock is $2/share but the market price is $60/share. If I do not want to exercise my right to purchase the shares, the company will buy them from me. My question � Is the company going to pay me $60, $2 or some other amount?

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