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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. 1.20 B. 3.60 C. 4.80 D. 6.00

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