Multiple Choice
Tricki Corp stock sells for $45 rights-on, and the subscription price is $35. Ten rights are required to purchase one share. Tomorrow the stock of Tricki will go ex-rights. What is the price of Tricki expected to be when it begins trading ex-rights?
A) $47.23
B) $44.00
C) $44.09
D) $45.00
Correct Answer:
Verified
Correct Answer:
Verified
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