A company has decided to raise $20 million in capital by issuing 500,000 new sharesof common stock in a rights offering. Currently there are 1.5 million sharesoutstanding. What will each current shareholder have to provide to purchase oneshare of this new offering? )$13.33 plus.33 rights )$13.33 plus 3 rights $30.00 plus.33 rights )$40.00 plus.33 rights $40.00 plus 3 rightsWhich of the following best defines the term Dutch auction underwriting? The date on which existing shareholders on company records are designated as the recipients of stock rights. Also the date of record.An issue of securities offered for sale to the general public on a cash basisUnderwriter buys the entire issue, assuming full fnancial responsibility for anyunsold shares. Period when stock is selling without a recently declared right, normallybeginning two business days before the holder-of-record date. The type of underwriting in which the offer price is set based on competitivebidding by investors. Also known as a uniform price auction