Question: The market price of K-T-Lew Corporation's common stock is $60 per share, and each share gives its owner one subscription right. Four rights are required to purchase an additional share of common stock at the subscription price of $54 per share. If the common stock is currently selling "rights-on," the theoretical value of a right is closest to
A: $0.96
B: $1.20
C: $1.50
D: $6.00
Please eliminate two incorrect options first, then think it step by step and choose the most proper one option.