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The Wordsmith Corporation has 1 0 , 0 0 0 shares outstanding at $ 3 0 each. They expect to raise $ 1 5 0

The Wordsmith Corporation has 10,000 shares outstanding at $30 each. They expect to raise $150,000 by a rights offering with a subscription price of $25 how many rights must you turn in to get a new share? (place your answer below to 2 decimal places

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