"PQR is considering a preemptive rights offering. Currently PQR has 2,000 shares outstanding priced at $50 per share. Each current shareholder will get one right for every two shares owned. With each right plus a $30 payment a new share can be purchased. Assume all the rights are exercised. What will be the price per share of PQR after the exercise of the preemptive rights?"

		Between $30 and $35
		Between $35and $37
		Between $37 and $40
		Greater than $40