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I need detailed process National Power currently has a stock price of $20 per share, with 1 million shares outstanding. It wants to raise $5

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I need detailed process

National Power currently has a stock price of $20 per share, with 1 million shares outstanding. It wants to raise $5 million of new equity in rights offering. With a subscription price of $20, what is the value of one right? D A. 3.33 B. 1.67 C. 6.66 D. 0

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