BCD Limited currently has a debt to equity ratio of 0.6, and it has no intention to adjust the ratio in the future. To remain competitive, the company would like to raise a total of $5,000,000 for expansion and other purposes. As part of the capital raising process. BCD Limited will be issuing additional equity through a rights offering BCD Limited currently has 1,000,000 shares outstanding, and its shares are traded at $10 per share. To attract its shareholders to subscribe, the company will be selling its shares through the rights offering at a 30% discount compared to the current trading price. The rights offering will be managed by a well-known underwriter, and it will be charging a fee equivalent to 7% of the subscription price. a. Calculate the value of one right. Show your work. b. Assuming that the shares continue to be traded at $10 per share up until the end of the trading day prior to the ex-rights day, what is the ex-rights price per share at the beginning of the ex-rights day? Show your work c. Assuming that you have been a shareholder of BCD Limited since the period prior to the rights offering. You are able to purchase 1,000 new shares by using up all of your rights. How many shares did you have prior to the rights offering? Show your work