Need help with this question. The correct answer is the first option. Can you explain in detail why that is so? The New Word Corporation has 1 , 000 , 000 shares outstanding at $30 /share. If the firm wishes to raise $13.5 million at a subscription price of $27/ share, calculate the value of a right (assuming a European-style rights issue). $2 /right $1.50/ right \$4/right $3/ right.