Multiple Choice
Jeff's is granting one right for each share of stock outstanding for its new rights offering. The new shares in this offering are priced at $16 plus four rights. The current market price of the stock is $20 a share. What is the value of one right?
A) $1.05
B) $.80
C) $1.00
D) $1.50
E) $4.00
Correct Answer:
Verified
Correct Answer:
Verified
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