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The current market price of a company's shares is $100. The company is planning to make a 1 for 2 rights issue at a subscription

The current market price of a company's shares is $100. The company is planning to make a 1 for 2 rights issue at a subscription price of $94. You hold 10 shares at the time the rights issue is to be made. What will the ex-rights share price be?

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