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26. Barstow Industrial Supply has decided to raise $27.52 million in additional funding via a rights offering. The firm will issue one right for each

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26. Barstow Industrial Supply has decided to raise $27.52 million in additional funding via a rights offering. The firm will issue one right for each share of stock outstanding. The subscription price is $32. The current market price of the stock is $35. Currently, there are 5.16 million shares outstanding. What is the value of one right? A. $3.00 B. $6.00 C. $0.43 D. $0.57 I E. None of the above

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