For a particular stock the old price is 24 the ex-rights, Finance Basics

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For a particular stock the old price is 24 the ex-rights

Question: For a particular stock, the old price is $24, the ex-rights price is $20, and the number of rights needed to buy a new share is 2.5. Assuming everything else is constant, what is the subscription price (show all work)? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: For a particular stock the old price is 24 the ex-rights

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