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Business Finance PLC is planning a 1 for 5 rights issue at a 20% discount to the market value of 1.75. What will the theoretical

Business Finance PLC is planning a 1 for 5 rights issue at a 20% discount to the market value of 1.75. What will the theoretical ex-rights price be?

A

1.40

B

1.75

C

1.69

D

2.50

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