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ABC Inc. has 10,000 shares outstanding at $37.6 each. They expect to raise $158,064 by a rights offering with a subscription price of $20.9. How
ABC Inc. has 10,000 shares outstanding at $37.6 each. They expect to raise $158,064 by a rights offering with a subscription price of $20.9. How many rights must a shareholder have to buy a new share?
Keep at least 4 decimal places for all calculations.
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