Shrimp and More, Co$.$ has decided to raise $$500,000$ in additional funding via a ten$-$for$-$one

rights offering. Currently, there are $1$ million shares outstanding trading for $$10$ each. What

will be the number of outstanding shares of the company after rights offering if the rights

offer is fully subscribed?

A$.1,000,000$ shares

B$.1,050,000$ shares

C$.1,100,000$ shares

D$.1,125,000$ shares