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Eleni owns 4 shares of a business. The current share price is 36 per share. The company announced the terms of issuing a share capital

Eleni owns 4 shares of a business. The current share price is 36 per share. The company announced the terms of issuing a share capital increase with preferences.

The company will issue new shares of 20 per share with a ratio of 1 new share to 4 old ones. What is the price of the right?

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