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Donut co announced a rights issue to existing shareholders who currently hold 600,000 $1 par shares. The subscription price was $1.40 and the company raised

Donut co announced a rights issue to existing shareholders who currently hold 600,000 $1 par shares. The subscription price was $1.40 and the company raised $168,000. The shares were trading at $2.10 immediately before rights trading commenced

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