Question 7 (1 point) A company carries out a rights issue of $ 8 (subscription price), one new share being issued for two old shares (N = 2). Prior to issuance, it had 100,000 shares outstanding at a price of $ 10 per unit. What is the share price after the rights issue (i.e. the new share price)?

Options

$ 4.52121 $ 7.45852 $ 6.55555 $ 9.33333 $ 2.66666