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Is my answer correct? Tricki Corp stock sells for $90 rights-on, and the subscription price is $80. Ten rights are required to purchase one share.
Is my answer correct?
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 Tricki's expected price when it begins trading ex-rights? (Round your answer to 2 decimal places.) Multiple Choice $88.09 $91.09 O $89.09 O $92.09
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