You own 29,460 common shares of a company. Currently, there are 743,700 common shares outstanding. The company has just announced a rights offering whereby 90,670 shares are being offered for sale at a subscription or discounted price of $17.80 a share. The current share price is $24.90 a share. Assume that you sell all your rights and that all rights are exercised. What will be your ownership percentage in the company after the rights are exercised? 3.35% 3.44% 3.53% 3.62% 3.71%