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The tin cap company has announce a right offering to raised $ 5 . 0 million the company stock currently sell for $ 2 4

The tin cap company has announce a right offering to raised $5.0 million the company stock currently sell for $24 per share there are 1.2 million share outstanding one right will be granted for each one outstanding share the subscription price is set at $20 per share. what is the ex-right price per share?

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