Company XYZ Initially Has a Share Price of $1 $\$ 0.25$

Company XYZ initially has a share price of $1.The company makes a rights issue on the basis of 1 for every 1 held,with a subscription price of $0.50.Calculate the ex-rights price of the XYZ shares.

A) $\$ 0.25$
B) $\$ 0.75$
C) $\$ 1.25$
D) $\$ 1.50$