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A company wants to raise $2,993,400 through a rights offering. The subscription or discounted price for the offering is set at $20.51 a share. Currently,

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A company wants to raise $2,993,400 through a rights offering. The subscription or discounted price for the offering is set at $20.51 a share. Currently, the company has 107,810 common shares outstanding at a market price of $23.75 a share. How many rights will be needed to purchase one new common share in this offering? O 0.72 O 0.74 O 0.76 O 0.78 O 0.79

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