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a firm has a total of 60 million shares with a current share price of $10. if the firm wishes to raise money by a

a firm has a total of 60 million shares with a current share price of $10. if the firm wishes to raise money by a rights offer and shareholders are given 1 right per share.
If you decide to require 12 rights to but a share at the price of $8 and this encourages 90% of investors to participate, what will be the new share price?

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