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Toy World is issuing a rights offering wherein every shareholder will receive one right for each share of stock they own. The new shares in
Toy World is issuing a rights offering wherein every shareholder will receive one right for each share of stock they own. The new shares in this offering are priced at $18 plus 3 rights. The current market price of the stock is $25 a share. What is the value of one right? A) $2.00 OB) $1.50 C) $1.75 OD) $.25 O E) $1.00
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