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A company is proposing a rights offering. Currently there are 400,000 shares outstanding at $65 each. There will be 50,000 new shares offered at $60

A company is proposing a rights offering. Currently there are 400,000 shares outstanding at $65 each. There will be 50,000 new shares offered at $60 each. What is the ex-rights price? What is the value of a right?

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