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Hargrave Kitchen & Bath has 6 million shares outstanding at a price of $ 3 3 . 2 5 per share. The company has decided
Hargrave Kitchen & Bath has million shares outstanding at a price of $ per share. The company has decided to
raise capital through a rights issue. All shareholders will be issued one right per share. For every five rights held by
the stockholder, they can buy one share at a price of $ How much money will this raise, if all shareholders
exercise their rights? Round to one decimal place.
A $ million
B $ million
C $ million
D $ million
E $ million
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