Stephen Owns 5,000 Shares of ABNC Stock

question 131

Multiple Choice

Stephen owns 5,000 shares of ABNC stock. Currently, there are 1.2 million shares outstanding. The company has just announced a rights offering whereby 300,000 shares are being offered for sale at a subscription price of $24 a share. The current stock price is $27 a share. Assume that Stephen sells his rights and that all rights are exercised. What will his ownership percentage be in ABNC after the rights are exercised?

• A) .17 %
• B) .22 %
• C) .33 %
• D) .38 %
• E) .42 %

Understand the facilitating functions within the distribution process.

Identify the types of intermediaries and their roles within marketing channels.

Recognize how marketing channels enhance product or service appeal to buyers.

Understand the importance of grading and quality assessment in marketing channels.

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Definitions:

Preserving Identity

The effort to maintain a stable sense of self and personal uniqueness despite changing circumstances or external pressures.

Agreeableness

A personality trait involving attributes such as trust, altruism, kindness, and affection toward others.

Agreeableness

A personality trait characterized by kindness, empathy, trust, and cooperativeness.

Conscientiousness

A personality trait of being thorough, careful, or vigilant; entails a strong sense of duty and responsibility.