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The Blackberry Co. plans on raising $10 million through a rights offering. The subscription price is set at $16. Currently, the company has 1.6 million

The Blackberry Co. plans on raising $10 million through a rights offering. The subscription price is set at $16. Currently, the company has 1.6 million shares outstanding with a current market price of $19.50 a share. Each shareholder will receive one right for each share of stock they currently own. How many rights will be needed to purchase one new share of stock in this offering

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