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Dilan, Inc. is a publicly - traded cybersecurity company, and it is considering a rights offer. The ex - rights price is $ 4 2

Dilan, Inc. is a publicly-traded cybersecurity company, and it is considering a rights offer. The ex-rights price is $42 on the ex-rights day, whereas the rights-on price was $48. The company has 6 million shares outstanding currently, and they plan to raise $12 million through the rights offering. Calculate the number of rights required for a shareholder to be eligible to purchase 1 share from the offering. Assume that each share will count as one right.

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