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Theo owns 6 shares of stock valued at $15 a share. He receives one right per share. Under the rights offer, the cost of one

Theo owns 6 shares of stock valued at $15 a share. He receives one right per share. Under the rights offer, the cost of one new share is 3 rights plus $9. What is the value of one right? Multiple choice question. $1.50 $3 $6 $4.50

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