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The marginal value of the equity shares of a company is Rs. 10 and the current market price is Rs. 40. The company issues right

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The marginal value of the equity shares of a company is Rs. 10 and the current market price is Rs. 40. The company issues right share at the rate of 1 equity share for every 2 existing shares held, the right shares being issued at a premium of 10%. From the above, calculate the value of the right

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