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Redirect Energy Corporation has issued rights to its shareholders. The subscription price is $ 2 5 , and four rights are needed along with the

Redirect Energy Corporation has issued rights to its shareholders. The subscription price is $

25,

and four rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $

30

rights

-

.

.

What would be the value of one right?

Value of one right $

.

If the stock goes ex

rights

,

what would be the new share price?

New share price $

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