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Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $56. The current price is $62.40 per share

Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $56. The current price is $62.40 per share and there are 5 million shares outstanding. The rights offer would raise a total of $24,000,000.

How many rights are required to get a new share? Round your answer to the nearest integer.

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