(3*2= 6 points) The Sigmund company is authorised to sell 30,000 shares of common stock. Currently 20,000 shares are outstanding. The company wants to raise Tk.10 million by selling the remaining authorised shares through rights offering at Tk.32 per share. The stock is currently priced at Tk.40 per share. a. b. C. id why? How many rights would Sigmund allow each stockholder to purchase each share of the new issue? What will be the expected value of each right? What will be the expected price of the stock ex-rights? 19