00 Grantland Rice Co. has issued rights to its shareholders. The subscription price is $54, and 7 rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $67 rights-on. a. What would be the value of one right? (Omit $ sign in your response. Round the final answer to 2 decimal places.) Value of one right 1 points b. If the stock goes ex-rights, what would be the new share price? (Omit $ sign in your response. Round your intermediate and final answer to 2 decimal places.) 8 00:40:08 New stock price $