Multiple Choice
The Holly Corporation has a new rights offering that allows you to buy one share of stock with 4 rights and $25 per share.The stock is now selling ex-rights for $30.The price rights-on is:
A) $21.00
B) $25.00
C) $30.00
D) $31.25
E) impossible to determine without the cum-rights price.
Correct Answer:
Verified
Correct Answer:
Verified
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