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The Schraeder Corporation has 20,000 shares outstanding at $20 each. They expect to raise $200,000 by a rights offering with a subscription price of $25.

The Schraeder Corporation has 20,000 shares outstanding at $20 each. They expect to raise $200,000 by a rights offering with a subscription price of $25. How many rights must you turn in to get a new share? a) 1.25 b) 1.50 c) 2.00 d) 2.50 e) insufficient data to determine the

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