Question
The current market price of a rights-on stock is $90. The subscription price is $81. The number of rights required to purchase one new share
The current market price of a rights-on stock is $90. The subscription price is $81. The number of rights required to purchase one new share is 8. What is the approximate market price of one right?
- A. $0.88
- B. $1.00
- C. $1.13
- D. $1.25
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
