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DeCort Design requires $4.2 miltion to expand its current operations and has decidod to raise these tunds through a rights offoring at a subscription price

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DeCort Design requires $4.2 miltion to expand its current operations and has decidod to raise these tunds through a rights offoring at a subscription price of $16 per share. The current maket price of the company's stock is $19.20 per share. How many shares of stock must be sold to fund the expansion plans? a. 21070 b. 1,090,750 c. 202,500 d. 1,050,000

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