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Western Markets has 150,000 shares outstanding with a market price per share of $15. Each share Is entitled to one right. If the firm sets

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Western Markets has 150,000 shares outstanding with a market price per share of $15. Each share Is entitled to one right. If the firm sets a rights offer as 5 rights plus $10 for each new share, what will be the ex-rights price per share? $12.23 $14.17 $15.83 $13.77 $14.49

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