22 mins, BUT, I would think logical and say 21 mins because 1:14 is the best time to arrive.
Answer:
A) Lose their personal assets as the result of their company's financial problems
Explanation:
One of the main disadvantages of general partnerships is that the partners have unlimited liability for the debts and obligations of the partnership. The partnership ans the partners are not considered separate entities, therefore any remaining debt from the partnership passes to the partners.
Answer:
a. Are the stock and the rights correctly priced on the ex-rights day?
stock price at ex-right = [(3 x $80) + $53] / 4 = $73.25
cost of ex-right = $80 - $73.25 = $6.75
the rights are underpriced since they are sold at $2, and they should sell at $6.75
b. Describe a transaction in which you could use these prices to create an immediate profit.
You can purchase 3 rights at $6 and then pay subscription price ($53) and you would have an stock at $59. Your profit = $65 - $59 = $6 per stock.