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Isaac owns 3 0 0 shares in XYZ Company. XYZ is holding a rights offering and Isaac is deciding if he wants to exercise his

Isaac owns

300

shares in XYZ Company. XYZ is holding a rights offering and Isaac is deciding if

he wants to exercise his rights. What will happen if Isaac does not exercise or sell his rights by

the expiration date?

A Isaac will be paid the value of the rights

Isaac will automatically receive the number of shares his rights entitle him to

The rights will expire and Isaac will lose the rights

Isaac will be charged a fee on each unused right

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