Please provide explanation: Company XYZ is issuing 500,000 new shares in a rights offer. The company wants to ensure that the ex-rights share price...

Please provide explanation:

Company XYZ is issuing 500,000 new shares in a rights offer. The company wants to ensure that the ex-rights share price is $75. Before the rights offer, the company has two million shares outstanding. If the rights were each priced at $10, what is the subscription price?