The ZYX Corporation intends to issue 50,000 new shares to raise funds for expansion of current plant facilities. The current share price is $40 and there are 500,000 shares outstanding. The number of rights needed to buy a share of stock should be:
A) 0.10
B) 40.00.
C) 0.40.
D) 10.00.
Correct Answer:
Verified
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