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Southern Markets has announced a rights offer to raise $5,522,900. The company's stock currently sells for $26.80 per share, there are 790,000 shares outstanding, and

Southern Markets has announced a rights offer to raise $5,522,900. The company's stock currently sells for $26.80 per share, there are 790,000 shares outstanding, and one right will be granted for each outstanding share. The subscription price is set at $20 per share. What is the ex-rights price per share? $24.03 $25.96 $25.04 $25.72 $24.81

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