A companys stock currently sells for $75 per share. Last week the firm issued rights to raise new equity. To purchase a new share, a stockholder must remit $22 and 3 rights.

a. What is the ex-rights stock price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Stock price $

b. What is the price of one right? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Value of right $

A company's stock currently sells for $75 per share. Last week the firm issued rights to raise new equity. To purchase a new share, a stockholder must remit $22 and 3 rights. a. What is the ex-rights stock price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Stock price b. What is the price of one right? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Value of right