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Thepotemich [5.8K]
3 years ago
10

A customer owns 210 shares of ABC common stock. ABC declares a rights offering, with the terms being that for every 20 rights te

ndered, a shareholder may purchase one additional share at $20 per share. Any fractional rights holding may be rounded up to buy an additional share. If this shareholder wishes to subscribe, which statement is TRUE?
Business
1 answer:
snow_tiger [21]3 years ago
5 0

Answer:

B. The shareholder can buy a maximum of 11 shares by paying $220

Explanation:

There is an option below the question ask for details:

The computation is shown below:

First, we have to determine the fraction value which is shown below:

= Total shares ÷ rights shares

= 210 shares ÷ 20 shares

= 10.5 shares rounded off = 11 shares

Now for additional shares, the total value would be

= Number of shares × per share value

= 11 shares × $20

= $220

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CrayFry offers a discount on an extended warranty on its CrayFrier when the warranty is purchased at the time the fryer is purch
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Answer:

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Explanation:

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PolarNik [594]
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Greeley [361]

Answer:

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