26. value 8.00 points Problem 15-15 Rights (L05) In 2010, Pandora, Inc., makes a rights issue at a subscription price of $4 a share. One new share can be purchased for every four shares held. Before the issue there were 13 million shares outstanding, and the share price was $8.5. a. What is the total amount of new money raised? (Round your answer to 2 decimal places.) Total amount of money raised 13 million b. What is the expected stock price after the rights are issued? (Round your answer to the nearest cent.) Expected stock price per share References eBook & Resources Worksheet Problem 15-15 Rights (L05) Type here to search