There are 1,048,576 bytes in a megabyte, and 1,0458,576 kilobytes in a gigabyte. This is one reason why your operating system will claim that there is less memory on your hard drive than what the manufacturer claims.
The most important feature of the preemptive right is that the rights: a. may be sold for profit. b. afford stockholders protection against dilution. c. may be cumulatively voted. d. are nontransferable. 2. The effect of a rights offering on a stockholder is to: a. increase his/her wealth. b.... show more 1.
You do not purchase any new shares as part of your preemptive right. When the new shares are issued, because you did not add any new shares to your current position, you will only own 1.67% of the company (20 shares of stock divided by 1,200 shares outstanding).