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Starbecks currently has 500,000 shares outstanding with a price of $15.50 per share. Now the company is offering rights for its current shareholders to buy

Starbecks currently has 500,000 shares outstanding with a price of $15.50 per share. Now the company is offering rights for its current shareholders to buy another 50,000 shares for $10 per share. What is the value per right? [5 points]

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