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The Cilfford Corporation has announced a rights offer to raise $28 million. The slock currently sells for $29 per share and there are 12 million

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The Cilfford Corporation has announced a rights offer to raise $28 million. The slock currently sells for $29 per share and there are 12 million shares outstanding. If the subscription price is set at $14 per share, how many shares must be sold? Enter your answer below. Correct renponte: 2,000,000 Given that 2,000,000 now shares will be nold, how many rights will it take to buy one share? Enter your answer below

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