For a particular stock the old stock price is $20, the ex-rights price is $15, and the
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Question:
For a particular stock the old stock price is $20, the ex-rights price is $15, and the number of rights needed to buy a new share is 2. Assuming everything else constant, the subscription price is:
A. $5.
B. $13.
C. $17.
D. $18.
E. $20.
Expert Answer:
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