Marti Owns 300 Shares of ABC Stock with a Current

question 24

Multiple Choice

Marti owns 300 shares of ABC stock with a current value of $26 a share.The firm just issued one right for each of the 14,200 shares outstanding.The purchase of a share through the offering requires four rights plus $23.Assume Marti decides to sell her rights.All else constant,Marti will have ________ in cash and stock valued at ________ once the rights offering is completed.

• A)$240;$7,740
• B)$180;$7,620
• C)$380;$7,600
• D)$60;$7,920
• E)$220;$7,760

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