a). How many existing share are required to buy one right share?

b). Find the theoretical ex-right share price .

c). find the value of the right.

d). one investor has the required number of shares to buy one right share of GOBIG ltd.the investor wants to know about probable gain or loss on either exercising the right offer of selling the right in the market. show your calculation for explaining to the investor

There are 15 million GOBIG Ltd shares outstanding in the market. These shares are currently selling for $5.00 per share. For financing an exciting new project, the company has announced a renounceable rights offering to raise $20,000,000. The subscription price for the rights is set at $4 per share. In maintaining its current 40% debt-equity ratio, the company is also raising $8 million in debt