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The market value of DC Wholesalers common stock is $17 a share. The company has decided to raise funds through a rights offering. Shareholders will

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The market value of DC Wholesalers common stock is $17 a share. The company has decided to raise funds through a rights offering. Shareholders will receive one right for each share of stock they own. The new shares are priced at $15 plus four rights. What is the value of one right

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