Indeterminate without the subscription price

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Reference no: EM131013417

The Smooth Sail Corporation intends to issue 50,000 new shares to raise funds for expansion of current plant facilities. The current share price is $40 and there are 500,000 shares outstanding. The number of rights needed to buy a share of stock should be: A. 1. B. 10. C. 40. D. 400. E. indeterminate without the subscription price.

Reference no: EM131013417

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