The tmm corporation has just announced a rights offering, Financial Management

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The tmm corporation has just announced a rights offering

The TMM Corporation has just announced a rights offering where it will take four rights to buy an additional share of common stock at $50 a share. If the current market price is $60 a share, what would be the theoretical market price per share once the stock goes ex-rights?

A. $60.00

B. $57.50

C. $58.00

D. $56.00

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Financial Management: The tmm corporation has just announced a rights offering

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Financial Management: The tmm corporation has just announced a rights offering

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