The LaPorte Corporation has a new rights offering, you can buy one share with 3 rights and €20 per share.The stock is now selling ex-rights for €26.The price rights-on is:
A) €22.00
B) €24.00
C) €26.00
D) €28.00
E) Impossible to determine without the cum-rights price.
Correct Answer:
Verified
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