Wilson Enterprises Set a Record Date of Tuesday, March 16

question 232

Multiple Choice

Wilson Enterprises set a record date of Tuesday, March 16 for its rights offering. Which one of the following statements is correct given this information?

• A) Investors who purchase shares on Friday, March 12 will receive rights on shares.
• B) The ex-rights date is Friday, March 12.
• C) The ex-rights date is Sunday, March 14.
• D) The first date to purchase shares ex-rights is Monday, March 15.
• E) The last date to purchase shares cum rights is Tuesday, March 9.

Recognize the importance of marginal analysis in making economic decisions.

Identify the role of government and policies in modifying behaviors through economic incentives.

Understand how people respond to changes in prices and the availability of resources.

Appreciate the importance of choices and trade-offs in economic theory.

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Definitions:

Contingent Liabilities

Potential obligations that may arise in the future due to past events, the occurrence and amount of which are uncertain.

Probable

A term used to describe something that is likely to occur or is likely true.