LUUSTI 21. RIIS ISSUE 12 mar3) A firm wants to raise $4M through a rights issue. Its current share price is $1 and it has $10M market capitalization The new shares will be issued at $0 80 If one night is issued per existing share the value of each night is: A $0.20 B $0.66666 C. $1.33333 D. $9.33333 E. None of the above Enter the letter in the answer box. There is no need to wnte an explanation although it may enable partial marks Answer: To show your working or explanation type text below and/or upload files such as scans of handwriting and/or Excel or Word documents Showing your working is important for numerical questions, optional for multichoice questions Working explanation 5 4 6 2 2 6 and or upload files to show your woning/explanation 5