Multiple Choice
Assume it requires 3 rights to obtain a new share in a rights offering.If the stock's price prior to the ex-rights date is $25 and the ex-rights price is $22.75,what is the value of each right?
A) $.67
B) $.75
C) $.56
D) $1.25
E) $2.25
Correct Answer:
Verified
Correct Answer:
Verified
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