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A company wishes to raise $7 million through a rights offering. The subscription price for each share is $70. The company currently has 1 million

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A company wishes to raise $7 million through a rights offering. The subscription price for each share is $70. The company currently has 1 million shares outstanding, each selling at a current price of $90. How many rights will be required to purchase a share? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Numeric Response

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