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( Number of rights needed for a new share ) S&S wants to raise $ 1 1 . 3 million through a rights offering with
Number of rights needed for a new share S&S wants to raise $ million through a rights offering with a subscription price of $ a share. The company has million shares outstanding and a market price of $ a share. Each shareholder will receive one right for each share of stock owned. How many rights will be needed to purchase one new share of stock in this offering?
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