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

question 38

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 the price of Tricki expected to be when it begins trading ex-rights?

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

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Definitions:

Same Chromosome

Pertains to genes or genetic markers that are located on the same chromosome and can be inherited together.

Far Apart

A phrase used to describe objects, locations, or points that are situated at a great distance from each other.

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, characterized by physical growth delays, characteristic facial features, and mild to moderate intellectual disability.

Cri Du Chat Syndrome

A rare genetic disorder caused by a deletion on chromosome 5, characterized by a distinctive cat-like cry in affected infants, intellectual disability, and other physical abnormalities.