Question 12 (1 point) You own 42,240 common shares of a company. Currently, there are 974,580 common shares outstanding. The company has just announced a rights offering whereby 112,570 shares are being offered for sale at a subscription or discounted price of $23.80 a share. The current share price is $33.30 a share. Assume that you sell all your rights and that all rights are exercised. What will be your ownership percentage in the company after the rights are exercised? 3.59% 3.69% 3.79% 3.89% 3.98%