FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 98 Topic 10 Discussion
Series-7 Exam Topic 10 Question 98 Discussion:
Question #: 98
Topic #: 10
Bubba holds 200 shares of common stock in a utility company and receives rights to subscribe to an additional 100 shares at $20. The utility company is raising $40 million of new capital.
200. In an issue of rights, there is always one right per share. Bubba owns 200 shares and thus receives the same number of rights.
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