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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