Answer:
The correct answer to the following question will be "$43,303.34". The further explanation is given below.
Step-by-step explanation:
The given value is:
Subscription price = $23 per share
Now,
First measure Net earnings per share
=

On putting the values in the above expression, we get
=

=

Current shares on sale =

Amount of rights required =

Share price would be ex-right:
=
![[ ( Number \ of \ rights \ needed* selling \ price \ per \ share) + Subscription \ price ] + [ Number \ of \ rights \ needed + 1]](https://img.qammunity.org/2021/formulas/business/college/ojhbthbx27fyzsyngxxidp0y59wttug36t.png)
On putting the values in the above formula, we get
=

=

= $
As we know,
The value of a right = Selling price per share - Ex-rights stock price,
=

= $

And the proceeds from the right to sell would be:
Number of shares × Value of a right
=

= $
