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A company's stock currently sells for $70 per share with one million shares outstanding. The company wants to raise new equity using rights offer. To

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A company's stock currently sells for $70 per share with one million shares outstanding. The company wants to raise new equity using rights offer. To purchase a new share, a stockholder must remit $30 and two rights. How many new shares would the company issue for the rights offer? O A. 0.5 million shares B. 2 million shares O C 1 million shares OD. 3 million shares

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