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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 buy a share at the price of $8 and this encourages 90% of investors to participate)
what will be your portfolio return(percentage) if you did not participate and you had 120 shares prior to the rights offer? ( a selection of 3 would indicate a 3% return and -3 would indicate a -3% return)

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