Budding Flowers Inc. needs to raise $20 million to build new greenhouses. They will issue new shares through a rights offering to their common shareholders. There are 4 million outstanding common shares and one right will be issued per common share. The subscription price is $20 per share and the current market price of their common shares is $25.

If the common share market price falls during the ex-rights period to $18 per share, what is an investor's profit/Loss if they own 1,000 rights?

a.-$1,000

b.There is not enough information to determine this

c.$2,000

d.-$1,500