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What would you expect to be the market price of stock after a sold - out rights issue if each existing shareholder purchases one new

What would you expect to be the market price of stock after a sold-out rights issue if each
existing shareholder purchases one new share at $60 for each three shares that they currently
hold and the current share price is $100?
A. $60.00
B. $75.00
C. $80.00
D. $90.00
E. $113.33

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