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Coca - Cola plans to raise $ 1 1 . 3 million through a rights offering with a subscription price of $ 1 5 per

Coca-Cola plans to raise $11.3 million through a rights offering with a subscription price of $15 per share. The company currently has 1.24 million shares outstanding, and the market price is $17.50 per share. Each shareholder will receive one right for each share they own. How many rights will be required to purchase one new share of stock in this offering?I.735,333 II.1.65 III.753,333 IV.None of them

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