Question: Question 10 (1 point) A company does a rights issue in order to raise $ 2,500,000 to finance a project. She currently has 300,000 shares

Question 10 (1 point) A company does a rights issue in order to raise $ 2,500,000 to finance a project. She currently has 300,000 shares at $ 30 each. If the subscription price is $ 20 per share, calculate the number of rights needed to purchase a share.

Options 2.00 rights 2.40 rights 3.00 rights 2.75 rights 1.25 rights

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