Anshi Motors plans to raise $50 million through a seasoned equity offering of 2 million new shares. To limit dilution f

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Anshi Motors plans to raise $50 million through a seasonedequity offering of 2 million new shares. To limit dilutionfor its existing shareholders, Anshi will conduct a rights offeringto allocate the newly issued equity. Currently the companyhas 10 million shares priced at $29.40 in public markets.
Assuming an existing shareholder (with one share) wanted to sellof their right, they would receive _____ , and after thetransaction the price of Anshi's equity will be ______ per share.(2 MARKS)
Question 32 options:
$5.88, $35.28
$1.61, $31.01
$0.88, $28.52
$0.73, $28.67