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0. A public limited company has 9,00,000 shares outstanding at current market price of RS.130per share. The company needs RS.2.25 crores to finance its proposed new project. The board of the company has decided to issue rights shares to raise the required money at RS.75 per share (as subscription price) to ensure that the rights issue is fully subscribed. How many rights are required to purchase a new share?
One right
Two rights
Three rights
Four rights
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