A stock has a rights-on price of $20, an ex-rights price of $18.25, and the number of rights needed to buy one new share is 5. Assuming everything else is held constant, what is the subscription price?
A) $9.50
B) $11.25
C) $16.67
D) $14.50
E) $21.90
A) $9.50
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Fill in the blank(s) with correct word
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A) flotation costs B) opportunity costs C) revenues D) benefits
? Swiger Music Company had the following information related to its financial statements: 1) The company issued bonds in the amount of $50,000. 2) The company earned net income of $78,900 and declared a cash dividend of $0.25 per share. Currently there are 50,000 shares outstanding. 3) Retained earnings at January 1, 2016 was $82,000. ? ? ? Required: Prepare the reconciliation of retained earnings for December 31, 2016.
What will be an ideal response?
Renter's insurance covers your possessions and the structure of the house or condo you are renting
Indicate whether the statement is true or false.