7. Suppose that Walmart currently has 4 million shares outstanding that currently trade at a market price of $200 per share. If Walmart wants to raise $100 million and charges a subscription price of $100 per share, it must sell new shares while the number of rights needed to buy a share is . After the rights offering, the new market price per share will be while the value of a right is In contrast, if we increase dilution by increasing the amount of shares to be raised or reducing the subscription price, we would expect the price to be than $180. (a) 1 million; 1/4 right; $50;$150; more (b) 500,000;4 rights; $180;$20; less (c) 1 million; 4 rights; $100;$100; less (d) 1 million; 4 rights; $180;$20; less