A corporation makes a rights offering to raise $10 million of new capital by issuing one million shares of common stock. If it already has six million shares outstanding at the time of the offering.
What is the subscription price per share?

Under Rule 415 a corporation may file a single registration statement with the SEC covering its anticipated financing need for the next:

The Bubba Corporation is offering stock to the public for the first time. The registration statement lists 150,000 shares for sale at $400 per share. The company conducts business in a 100-mile radius that includes towns in two neighboring states.
Which of the following information is not required in the preliminary prospectus for this offering?

Bubba's pledge to purchase a specified dollar amount of a mutual fund within a specified period of time is called:

Bubba is age 54 and has investments in a retirement plan with his former employer valued at $104,500. Bubba withdraws $25,000 to open a retail clothing store.
Which of the following statements is true regarding Bubba's tax consequences?