Q20 1 Point Gold is a company that operates in mining production. The chief executive officer decided to expand its operation to mining oil. The company decided to raise 5.1 million to finance this project through a rights issue. The company will offer the rights issue at a discount of 15% of the current market price of 24. The company has 2.4 million shares outstanding. How many rights are needed to buy one new share? Choice 1 of 5:11.3 rights Choice 2 of 5:9.6 rights Choice 3 of 5:250,000 rights Choice 4 of 5:212,500 rights Choice 5 of 5:4.8 rights