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Keira Mfg. is considering a rights offer. The company has determined that ex-rights price would be $71. The current price is $76 per share and

Keira Mfg. is considering a rights offer. The company has determined that ex-rights price would be $71. The current price is $76 per share and there are 19 million shares outstanding. The rights offer would raise a total of $60 million. What is the subscription price

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