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ABC Company wants to raise $25 million in a rights offering. The stock price is $48 a share, the subscription price is $40 a share,

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ABC Company wants to raise $25 million in a rights offering. The stock price is $48 a share, the subscription price is $40 a share, and there are 4 million shares outstanding. You have 100 shares of ABC and are planning to sell your rights. How much will you be able to sell your 100 rights for? $103 $133 $101 $97 $108

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