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The current market price of a company's shares is $10. The company is planning to make a 1 for 10 rights issue at a subscription

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The current market price of a company's shares is $10. The company is planning to make a 1 for 10 rights issue at a subscription price of $8. You hold 50 shares at the time the rights issue is to be made. If you exercise your rights, what is the total number of shares you will now own? O 55 O 500 O 51 O 60

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