Question 17 (1 point) You own 20,940 common shares of a company. Currently, there are 589,780 common shares outstanding. The company has just announced a rights offering whereby 76,070 shares are being offered for sale at a subscription or discounted price of $13.80 a share. The current share price is $19.30 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? 3.14% 3.22% 3.30% 3.38% 3.46%