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3. Tricki Corp stock sells for $90 rights-on... Tricki Corp stock sells for $90 rights-on, and the subscription price is $80. Ten rights are required

3. Tricki Corp stock sells for $90 rights-on...

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Tricki Corp stock sells for $90 rights-on, and the subscription price is $80. 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? (Round your answer to 2 decimal places.) O $89.09 O $92.09 O $88.09 O $91.09

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