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20 Firm ( R ) announced a rights offer. The rights-on price is ( $ 45 ) and the e-rights price is ( $ 38

20 Firm \( R \) announced a rights offer. The rights-on price is \( \$ 45 \) and the e-rights price is \( \$ 38 \). The rights are selling in the market for \( \$ 5 \) per right. If it takes 3 rights to 2 answers

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