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Business, 27.11.2019 00:31 bubster5820

Jefferson refining is issuing a rights offering wherein every shareholder will receive one right for each share of stock they own. the new shares in this offering are priced at $19 plus 3 rights. the current market price of the stock is $26.80 a share. what is the value of one right? provide your answer in dollars and cents, to the nearest $0.01.

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