Question: Solo Inc. is proposing a rights offering. Presently there are 207,000 shares outstanding at $90 each. There will be 69,000 new shares offered at $60

Solo Inc. is proposing a rights offering. Presently there are 207,000 shares outstanding at $90 each. There will be 69,000 new shares offered at $60 each. the market value of the company after the offering is complete is 22770000. How many rights will it take to buy one share? Round the your answer to the nearest whole integer.

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