Tricki Corp Stock Sells for $45 Rights-On, and the Subscription

question 76

Multiple Choice

Tricki Corp stock sells for $45 rights-on, and the subscription price is $35. 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?

• A) $47.23
• B) $44.00
• C) $44.09
• D) $45.00

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