Multiple Choice
A shareholder currently owns 500 shares of ABC. Each share is currently priced at $15. The company has just released a rights offering at $12 plus 4 rights. What is the value of one right?
A) $0.25
B) $0.60
C) $.072
D) $1.50
E) $3.00
Correct Answer:
Verified
Correct Answer:
Verified
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