Answer:
1 year
Explanation:
Under the shelf registration rule the company has to wait for up to 1 year because it is madated that the company file quarterly and annual reports with the SEC, before it can do an "add on" offering under the Security and Exchange Commission (SEC) Rule 415.
Note that the "add on" offering are additional shares issued by a company after going public inorder to raise cash or for expanding into new markets.
Answer:
2.072 rights
Explanation:
Amount needed to buy the land = $8.6 million = $8,600,000
stock outstanding = 540,000
Market price per share = $34.80
subscription price = $33 a share
Now,
Number shares to be issued = ( Amount needed ) ÷ ( subscription price )
= $8,600,000 ÷ $33
= 260606.06 shares
1 rights will be issued per stock
thus,
number of rights required for purchase
= ( stock outstanding ) ÷ ( Number shares to be issued )
= 540,000 ÷ 260606.06
= 2.072 rights
The 4-year term instrument's nominal rate is higher than the 2-year term instrument's nominal rate.
What is nominal rate?
The increase in payment you make to the lender for using the borrowed funds is known as the nominal interest rate.
The rate of compounding is higher for 2-year investments than for 4-year investments, which are compounded semi-annually.
As a result, option (b) is correct.
Learn more about on nominal rate, here:
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