Answer:
$2
Explanation:
According to the given situation, the computation of the value of a right is shown below:-
Value of a right = (Market value of right + Subscription right) ÷ Number of rights 1
= ($60 - $48) ÷ (5 + 1)
= $12 ÷ 6
= $2
Therefore for computing the value of a right we simply applied the above formula and the same is to be considered
B. You make less than 100’000
Surpluses push the price down toward the equilibrium and shortages raise the price to the equilibrium
The benefit of the transcontinental railroad was that it ended many risks of traveling across the country.
<h3>Why was the transcontinental railroad created?</h3>
The American railroad, was created in 1869, with an important innovation through the connection between the coasts of the Atlantic and Pacific oceans, having as benefits the expansion of commercial and passenger transport routes in America.
Therefore, the transcontinental railroad was built using mechanized technology in the 19th century, increasing the safety and speed of travel.
Find out more about transcontinental railroad here:
brainly.com/question/11433327
#SPJ1