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Mister Noodle wants to raise $ 2 4 million through a rights offering. The current market price of the stock is $ 1 8 ,

Mister Noodle wants to raise $24 million through a rights offering. The current
market price of the stock is $18, the subscription price is $16, and there are 4 million
shares of stock outstanding. How many shares need to be sold in the rights offering?
)1.50 million
1.33 million
2.67 million
3 million
6 million

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