Atlas Corp

question 24

Multiple Choice

Atlas Corp. wants to raise $4 million via a rights offering. The company currently has 450,000 shares of common stock outstanding that sell for $40 per share. Its underwriter has set a subscription price of $26 per share and will charge the company a 7 percent spread. Assume that you currently own 7,200 shares of stock in the company and decide not to participate in the rights offering. How much can you get for selling all of your rights?

• A)$24,911.21
• B)$25,362.84
• C)$25,792.19
• D)$26,414.14
• E)$27,094.95

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Definitions:

Fortified

Often refers to food or drinks that have had nutrients added to them that do not naturally occur in those products, to enhance their nutritional value.

Vitamin D

A fat-soluble vitamin essential for bone health, immune function, and reducing inflammation.

Health Promotion

The process of enabling people to increase control over, and to improve, their health through lifestyle changes, education, and advocacy.

Negative Health Behavior

Actions or habits by individuals that are detrimental to health, such as smoking, excessive alcohol intake, poor diet, and lack of exercise.