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

Answer 1

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

Answer 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?

Answer 3

12