1 Award: 10.00 points Sheary, Inc., is proposing a rights offering. Presently. there are 800,000 shares outstanding at $58 Ins each. There will be 80,000 new shares offered at $50 each. a. What is the new market value of the company? (Do not round intermediate calculations.) New market valueS b. How many rights are associated with one of the new shares? (Do not round intermediate Delet calculations.) Number of rights needed c. What is the ex-rights price? (Do not round intermediate calculations and round your answer to rights 2 decimal places, e.g., 32.16.) Ex-rights price d. What is the value of a right? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16.) Value of a right $ Hints Hint#1 Worksheet Difficulty: 1 Basic Section: 19.9 Rights 2. Award: 10.00 points