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Vector Inc. wishes to raise $8 million through a rights offering. The subscription price for each share is $40. The company currently has 600,000 shares
Vector Inc. wishes to raise $8 million through a rights offering. The subscription price for each share is $40. The company currently has 600,000 shares outstanding, each selling at a current price of $50. How many rights will be required to purchase a share? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
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