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DATECH Inc. Is considering a rights offer. The company has determined that the ex-rights price will be $86. The current price is $95 per share,

DATECH Inc. Is considering a rights offer. The company has determined that the ex-rights price will be $86. The current price is $95 per share, and there are 35 million shares outstanding. The rights offer would raise a total of $70 million. What is the subscription price?

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