An investor exercises her right to buy one additional share at $20 for every five shares held. How much should each share be worth after the rights issue if they previously sold for $50 each?
A. $35.00
B. $41.67
C. $45.00
D. $46.00
Ans: C. $45.00
Business
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Company C has arranged a $10,000,000 credit line with Bank B. B will charge C 5% annually for funds that are drawn down and 0.5% for any unused credit line. C borrows $5,000,000 for a full year. How much does it pay B for the year?
a) $550,000 b) $525,000 c) $300,000 d) $275,000
Business
Combine these two simple sentences into one simple sentence with a compound verb
A) Jenny went to the grocery store; she bought chicken and potatoes. B) Jenny went to the grocery store and bought chicken and potatoes. C) Jenny went to the grocery store, and she bought chicken and potatoes.
Business