A firm currenlty has 20,000,000 shares with a price of 25 per share. they want to issue another 2,000,000 shares so they give each shareholder the right to buy .1 shares of new stock for 2.00 ( it will take ten rights to buy one new share for 20.00). How much are each of those rights worth?
a. 24
b. 45
c. 76
d. 1.11