Question: please show work neatly preferable not using excel. 3. Right Choice Investment Holdings currently has 4,500,000 shares outstanding with a price of $73.49 per share.

please show work neatly preferable not using excel. 3. Right Choice

please show work neatly preferable not using excel.

3. Right Choice Investment Holdings currently has 4,500,000 shares outstanding with a price of $73.49 per share. Now the company is offering rights for its current shareholders to buy another 400,000 shares for $65.48 per share. What is the value of one right? [ 10 points]

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