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If the market price of a stock rights-on is $50 a share, the subscription price is $30 a share, and it takes nine rights to

If the market price of a stock "rights-on" is $50 a share, the subscription price is $30 a share, and it takes nine rights to buy an additional share of common stock, the theoretical value of a right when the stock is selling "rights-on " is how much?

a. $2.00

b. None of the above

c. $5.00

d. $ 3.00

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