Ex Rights Stock Price Assignment
Max’s Outlet stock currently sells for $43 a share. The firm has a rights offer outstanding for new equity shares with one right granted for each outstanding share. To purchase one new share, you must submit five rights and $38. What is the ex-rights stock price?
Multiple Choice
- $41.25
- $42.45
- $41.55
- $42.17
- $41.97. Get Finance homework help today