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answer ALL QUESTIONS PLEASE !! Winningham IV has $4,800 to invest. He has been looking at Gallagher Clubs Inc. common stock. Gallagher has issued a

answer ALL QUESTIONS PLEASE !! image text in transcribed
Winningham IV has $4,800 to invest. He has been looking at Gallagher Clubs Inc. common stock. Gallagher has issued a rights offering to its Investinf mmmn stockholders. Six rights plus $48 cash will buy one new share. jallagher's stock is selling for $66 ex-rights. How many rights could Todd buy with his $4,800 ? Alternatively, how many shares of stock could he buy with the same $4,800 at $66 per share? b. If Todd invests his $4,800 in Gallagher rights and the price of Gallagher stock rises to $70 per share ex-rights, what would his dollar profit on the rights be? (First compute profit per right.) c. If Todd invests his $4,800 in Gallagher stock and the price of the stock rises to $70 per share ex-rights, what would his total dollar profit be? d. What would be the answer to part b if the price of Gallagher's stock falls to $40 per share ex-rights instead of rising to $70 ? e. What would be the answer to part c if the price of Gallagher's stock falls to $40 per share ex-rights? Anderson own two shares of Magic Tricks Corporation's common share of $46 in cash

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