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Hope & GraceManufacturing company wants to consider a rights offer. The company has determined that the ex-rights price will be $86.There are 35 million shares

Hope & GraceManufacturing company wants to consider a rights offer. The company has determined that the ex-rights price will be $86.There are 35 million shares outstanding and Current price is $95 per share. The rights offer would raise a total of $70 million. So, what is the subscription price

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