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Marti owns 300 shares of ABC stock with a current value of $26 a share. The firm just issued one right for each of the
Marti owns 300 shares of ABC stock with a current value of $26 a share. The firm just issued one right for each of the 14,200 shares outstanding. The purchase of a share through the offering requires four rights plus $23. Assume Marti decides to sell her rights. All else constant, Marti will have ___ in cash and stock valued at ____ once the rights offering is completed.
A) $380; $7,600
B) $180; $7,620
C) $60; $7,920
D) $240; $7,740
E) $220; $7,760
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