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Question 27 (1 point) RES Company declared a rights offering whereby shareholders were granted 1 right for every 1 common share held. One right is

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Question 27 (1 point) RES Company declared a rights offering whereby shareholders were granted 1 right for every 1 common share held. One right is required to buy one new RES common share at a subscription price of $5.50 per share. RES common shares are trading at $6. What is the current intrinsic value of each right? a) $0.00 Ob) $0.50 c) $6.00 d) $5.50

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