You currently own 6 percent of the 2 million outstanding shares of webster mills. the company has just announced a rights offering with a subscription price of $50. one right will be issued for each share of outstanding stock. this offering will provide $18 million of new financing for the firm, ignoring all issue costs. assume that all rights are exercised. what will be your new ownership position if you opted to sell your rights rather than exercise them personally?

a. 5.08
b. 4.58
c. 4.83
d. 5.33

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?