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Calculate the value of a right given the following information: 4 of rights to buy one share; subscription price of $12:$32 common share price during

Calculate the value of a right given the following information: 4 of rights to buy one share; subscription price of $12:$32 common share price during the rights-on period. a. $4.50 b. $400 c. $3.50 d. $5.50 e. $500

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