XYZ's Rights Currently Trade at $7

question 24

Multiple Choice

XYZ's rights currently trade at $7.60.Each right can be used to buy one share of XYZ at $27.92 based on a subscription ratio of 5 rights for each share purchased.XYZ's current cum rights share price is _______.

• A) $73.52
• B) $35.52
• C) $65.92
• D) $87.50

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Definitions:

Ordinal

Relating to a categorical ranking in which the order of the values is significant, but the difference between them is not uniformly spaced.

Census

A complete enumeration or count of a population at a set point in time, gathering various demographic, social, and economic information.

Survey

A method of gathering data from a sample of individuals to discover information about a larger population.