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Morgan J.Manufacturingfirm is considering a rights offer. This firmhas decided that the ex-rights price will be $86. 35 million shares are outstanding and the Current

Morgan J.Manufacturingfirm is considering a rights offer. This firmhas decided that the ex-rights price will be $86. 35 million shares are outstanding and the Current price per shareis $95. The rights offer would raise a total of $70 million. So, what is the subscription price

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