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The Holly Corporation has a new rights offering that allows you to buy one share of stock with 4 rights and $25 per share. The

The Holly Corporation has a new rights offering that allows you to buy one share of stock with 4 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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