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The Holly Corporation has a new rights offering that allows you to buy one share of stock with four rights and $25 per share. The

The Holly Corporation has a new rights offering that allows you to buy one share of stock with four rights and $25 per share. The stock is now selling ex-rights for $30. The price rights-on is a) $21.00 b) $25.00 c) $30.00 d) $31.25 e) impossible to determine without the cum-rights price

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