Consolidated Jewels needs to raise $$3\mathrm{.}5$ million to pay for its Diamonds in the Rough campaign. It will raise the funds by offering

$250,000$ rights, each of which entitles the owner to buy $1$ new share. The company currently has $2$ million shares outstanding priced at

$$23$ each.

a$.$ What must be the subscription price on the rights the company plans to offer? $($Round your answer to the nearest cent.$)$

Subscription price $

b$.$ What will be the share price after the rights issue? $($Round your answer to the nearest cent.$)$

Share price $

c$.$ What is the value of a right to buy one share? $($Round your answer to the nearest cent.$)$

Value to buy one share $

d$.$ How many rights would be issued to an investor who currently owns $1,000$ shares? $($Round your answer to the nearest whole

value.$)$

Rights issued

e$.$ How is the investor who currently holds $1,000$ shares affected by the rights issue?

The value of the rights plus the value of the $1,000$ shares after the rights issue

$($Click to select$)v$ the value of the $1,000$ shares before the rights issue.