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BK & Co. offered 15,000 shares in a rights offer. T.L. Moore & Co. was the underwriter that by prior agreement purchased the 1,315 unsold

BK & Co. offered 15,000 shares in a rights offer. T.L. Moore & Co. was the underwriter that by prior agreement purchased the 1,315 unsold shares. For its participation in this rights offer, T.L. Moore & Co. is most likely entitled to:

Gross margin.

The optional spread.

A standby fee.

The subscription price.

An oversubscription fee.

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