Multiple Choice
The LaPorte Corporation has a new rights offering that allows you to buy one share of stock with 3 rights and $20 per share. The stock is now selling ex-rights for $26. The price rights-on is:
A) $22.00.
B) $24.00.
C) $26.00.
D) $28.00.
E) impossible to determine without the cum-rights pricE.
Correct Answer:
Verified
Correct Answer:
Verified
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