A stock trades for $11 per share. It announces a rights offering where 3 rights, plus $10, will qualify the investor for one more treasury share. However, the investor acquired the rights only two business days before the record date. This means the share value is "ex-rights". 

What is the value of one right now?

Answer rating: 100% (QA)

The value of one right can be calculated using the exrights price and the theoret... View the full answer