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You decide to raise $2 million in additional funding via a rights offering. Every shareholder will receive one right for every share of stock they

You decide to raise $2 million in additional funding via a rights offering. Every shareholder will receive one right for every share of stock they own. The offering consists of a total of 250,000 new shares. The current market price of your stock is $10. Currently, there are 1 million shares outstanding. What is the value of one right?

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