As a financial analyst at JPMorgan Chase, you are analyzing the rights offering for BMI Corporation. The company announced rights issue to build up more capital vie a 1 for 4 rights offer at $5 per share. Before the rights issues there were 20 million shares outstanding and the share price was $20. (Suppose 100% subscription for the rights offering a. How many new shares will be issued? (sample answer: 1.5m or 1500000) b. What was the total amount of new money raised? (sample answer: 350.45m) c. What was the value of the right to buy one new share? (sample answer: 515.50) d. What was the prospective stock price after the rights issue? (sample answer: $15.50)