ABC Corporation$$s stock currently sells for $$90$ per share. There are cur$-$

rently $3,000,000$ shares outstanding. Yesterday the firm has issued rights to raise new equity capital. To purchase a new share, a stockholder must remit $$30$ and three rights. The ex$-$rights date is tomorrow.

a$.(2$ points$)$ How much equity capital will the firm raise by the rights issuance?

b$.(3$ points$)$ What is the ex$-$rights share price?

c$.(3$ points$)$ What is the value of one right?