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faust18 [17]
3 years ago
12

"Which of the following statements are TRUE regarding the rights agent? I The rights agent usually handles the mechanics of a ri

ghts offering II The rights agent is usually the existing transfer agent of the issuer III The rights agent issues the additional shares upon presentation of the rights certificates with payment"
Business
1 answer:
nataly862011 [7]3 years ago
5 0

Answer:

I, II, and III

I The rights agent usually handles the mechanics of a rights offering

II The rights agent is usually the existing transfer agent of the issuer

III The rights agent issues the additional shares upon presentation of the rights certificates with payment

Explanation:

Aright is defined as an offering to existing shareholders to purchase more shares. Usually there is a proportion of original shares the shareholder can now purchase. For example 1 to 5 shares means the shareholder can buy one share for every 5 old shares owned.

A rights agent is a person or entity that is responsible for maintaining records on behalf of rights holders.

When rights are issued, a rights agent is handles sales to shareholders, he is usually the initial transfer agent for the issuing company, and he issues the additional shares when payment and rights certificates are presented.

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A decrease in investment spending at each price level will shift the aggregate demand curve to the left

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1046.01-1027.28A 3.25 percent Treasury bond is quoted at a price of 99.04. The bond pays interest semiannually. What is the curr
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3.28%

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3 years ago
The logistics/operations manager of a mail order house purchases two products for resale: King Beds (K) and Queen Beds (Q). Each
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