An Activity Has an Optimistic Time Estimate of 17 Days,a

question 8

Multiple Choice

An activity has an optimistic time estimate of 17 days,a most likely estimate of 22 days,and a pessimistic estimate of 32 days.What is the expected duration of the activity?

• A)22.83 days
• B)23.67 days
• C)24.33 days
• D)25.17 days

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Definitions:

Subscription Price

The cost at which existing shareholders can buy additional shares of a company, often at a discount.

Rights Offering

A financial mechanism by which companies offer existing shareholders the right to buy additional shares directly from the company at a predetermined price, usually at a discount, before the shares are offered to the public.

Value Of A Right

In finance, the value associated with a right, such as a stock right, which is the value to buy additional shares at a discounted price.

Market Price

The current valuation at which an asset or service is available for sale or purchase in the marketplace.