A firm with shares that currently sell for $100 plans a rights offering of 1 new share for each 10 existing shares plus cash of $60. What is the expected price of existing shares after the offering is announced and what is the value of one right?

	A.	$90.00 per share and $1.00 per right.
	B.	$96.36 per share and $0.366 per right.
	C.	$96.36 per share and $3.636 per right.
	D.	$99.00 per share and $0.10 per warrant