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A stock trades for $11 per share. It announces a rights offering where 3 rights, plus $10, will qualify the investor for one more treasury
A stock trades for $11 per share. It announces a rights offering where 3 rights, plus $10, will qualify the investor for one more treasury share. However, the investor acquired the rights only two business days before the record date. This means the share value is "ex-rights".
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The value of one right can be calculated using the exrights price and the theoret...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
