Multiple Choice
SED Corporation's shares are currently trading at $52.50.Shareholders have the right to buy 1 share of SED for every 5 rights they own at a price of $48.00.SED's rights trade at $_________?
A) $0.75
B) $1.75
C) $3.75
D) $4.50
Correct Answer:
Verified
Correct Answer:
Verified
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