North stock sells for $50 rights-on, and the subscription price is $45. Nine rights are required to purchase one share. The value of a right is Answer $0.50 $0.57 $5.00 $5.50

North stock sells for $50 rights-on, and the subscription price is $45. Nine rights are
required to purchase one share. The value of a right is Answer $0.50 $0.57 $5.00 $5.50.
Solution:
Value of a right = [Market price – Subscription price]
No. of rights needed to buy 1 share + 1...