Bowman, Inc., is proposing a rights offering. Presently there are 500,000 shares outstanding at $56 each. There will be 100,000 new shares offered at $48 each.

a.	What is the new market value of the company?

New market value

$

b.	How many rights are associated with one of the new shares?

Number of rights needed

c.	What is the ex-rights price? (Round your answer to 2 decimal places. (e.g., 32.16))

Ex-rights price

$

d.	What is the value of a right? (Round your answer to 2 decimal places. (e.g., 32.16))

Value of a right

$