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ABC Inc. has 57.5 million shares outstanding. The price/share is $20. The company wishes to raise $245 million by doing a rights issue. Each existing

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ABC Inc. has 57.5 million shares outstanding. The price/share is $20. The company wishes to raise $245 million by doing a rights issue. Each existing shareholder receives one right for each share they own. The subscription price is set at $12. What will be the price per share after the rights issue is completed? $17.01 $15.83 $18.89 $17.90

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