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Delovely Productions Limited wants to raise $42 million for shows. A rights offering will be to see necessary capital from existing shareholders. Each of the

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Delovely Productions Limited wants to raise $42 million for shows. A rights offering will be to see necessary capital from existing shareholders. Each of the four million shareholders will receive one night. The subscription price is $21 per share, and the market price of the existing shoes is currently $28 Calculate the value of a right at the present time. (Do not round Intermediate calculations. Round the Tinawet to 2 decimal places.) Right value

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