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2. (io points) The stock of Cleaner Home Products is currently selling for $26.40a share. The company has decided to raise funds through a rights

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2. (io points) The stock of Cleaner Home Products is currently selling for $26.40a share. The company has decided to raise funds through a rights offering. The new shares being offered are priced at 25 plus five rights (meaning stockholders must own five existing shares to obtain one new rights share). What is the value of one right? 252440 x 5 t(Wong

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