The ZYX Corporation Intends to Issue 50,000 New Shares to Raise

question 42

Multiple Choice

The ZYX Corporation intends to issue 50,000 new shares to raise funds for expansion of current plant facilities. The current share price is $40 and there are 500,000 shares outstanding. The number of rights needed to buy a share of stock should be:

• A) 0.10
• B) 40.00.
• C) 400.00.
• D) 10.00.

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Definitions:

Volatile Memory Elements

Components of memory that require power to maintain stored information, such as RAM in computers.

Battery Backup

An alternate power source intended to provide electricity to essential devices in the event of a primary power failure.

Allen-Bradley SLC-500

A series of small programmable logic controllers (PLCs) manufactured by Allen-Bradley, designed for industrial automation applications.

Output Module

A hardware or software component that sends data from a computer to another device or user.