A Stock Sells for $50 Rights-On,the Subscription Price Is $40

question 37

Multiple Choice

A stock sells for $50 rights-on,the subscription price is $40.Nine rights are required to purchase one share.The value of a right is:

• A) $1.00.
• B) $10.00.
• C) $1.11.
• D) $5.00.

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Definitions:

Allelic Form

Allelic form refers to the variant form of a gene that arises by mutation and is found at the same place on a chromosome as other alleles of the gene, leading to genetic diversity within a population.

Ontogenetic

Pertaining to the development of an individual organism or individual anatomical or behavioral characteristic from conception to maturity.

Monozygotic

Referring to twins developed from a single fertilized ovum, hence they are genetically identical.

Codominant

A genetic scenario in which two alleles of a gene are expressed equally in the phenotype of heterozygotes.