Finance

Nine rights are necessary to purchase one share of Fogel stock at $50. A right sells for a $4. The ex-rights value of Fogel stock is

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  1. 9 rights X $4 = 36
    36 + $50 Stock = $86
    Ex rights value of Fogel stock is $86.

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  2. 1. Kingston Kitchen Stuff has recently sold 1,000 shares of $6.75 preferred stock. What is the value of the stock assuming 10 percent required rate of return?

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  3. 12

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