"Consider the situation faced by the CFO of a company with a marker capitalization of $600 Millions of USD, e.g. the firm has 30million shares outstanding so the shares are trading at $20 per share. The CFO needs to raise $300 Millions of UsDs and announces a rights issue. Each existing shareholder is sent 8 right for every share he or she owns. The CFO has not decided how many rights will be required to purchase a share of new stock. At the current price per share, what is the maximum amount of rights the CFO can require stockhoiders for purchasing. a share of new stock and so be able to raise the 5300 Millions of USOs