Market rights?

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The "pre-rights" market price of a firm's common stock was $52 per share. The ex-rights market price is $49 per share. Six rights were required to buy each new share. What was the value of each right?

a. $0.50
b. $2.00
c. $3.00
d. $6.00

2007-06-14 04:18:57 · 1 answers · asked by mame3900 1 in Business & Finance ➔ Other - Business & Finance

1 answers

52 - 49 / 6 = 0.5 - so a is the right answer!

2007-06-14 04:28:14 · answer #1 · answered by Sami V 7 · 0⤊ 0⤋