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Adam 12 Enterprises has issued rights to its shareholders. The subscription price is $20.00; and 5 rights are needed along with the subscription price to

Adam 12 Enterprises has issued rights to its shareholders. The subscription price is $20.00; and 5 rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $26 rights on. a. What would be the value of one right? b. When the stock goes ex-rights what would the new stock price be? c. Find the value of a right after the ex rights date if the shares are trading for $22.00

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