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Elizabeth owns 20,000 shares in Tudor Ltd. Elizabeth has received from the directors of the company a renounceable one-for-four rights issue at the discounted price

Elizabeth owns 20,000 shares in Tudor Ltd. Elizabeth has received from the directors of the company a renounceable one-for-four rights issue at the discounted price of 5% below market price. Explain what this means and the choices available to her.

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