Answer:
2.072 rights
Explanation:
Amount needed to buy the land = $8.6 million = $8,600,000
stock outstanding = 540,000
Market price per share = $34.80
subscription price = $33 a share
Now,
Number shares to be issued = ( Amount needed ) ÷ ( subscription price )
= $8,600,000 ÷ $33
= 260606.06 shares
1 rights will be issued per stock
thus,
number of rights required for purchase
= ( stock outstanding ) ÷ ( Number shares to be issued )
= 540,000 ÷ 260606.06
= 2.072 rights
If sales agent jane first contacted john, after her three-month vacation to barbados. No, seller john was not her client?
<h3>Who is a sales agent?</h3>
A sales agent can be defined as someone whose sole responsibility is to sell product to potential customers and to as well market product to buyer.
Hence, seller John is not her client based on the fact that both John and Jane did not agreed on any agency relationship terms and agreement.
Learn more about sales agent here:brainly.com/question/25743891
#SPJ1
Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.
What is Secondary Market?
Investors can acquire and sell securities they already possess on the secondary market. Although stocks are also sold on the main market when they are originally issued, it is what most people refer to as the "stock market."
Therefore,
Market for new issues of securities is Primary Market and Market for already-existing securities is Secondary Market.
To learn more about Secondary Market from the given link:
brainly.com/question/17168396
#SPJ4
