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ABC plc has 3 million ordinary shares in issue. Each share is trading at 4.80 currently. ABC is considering a 1 for 4 rights issue

ABC plc has 3 million ordinary shares in issue. Each share is trading at 4.80 currently. ABC is considering a 1 for 4 rights issue at a 25% discount. What will the rights issue price be? A. 4.80 B. 1.20 C. 6.00 D. 3.60

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