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corporate finance 1. Rights Offerings (L04] Hickock, Inc., is proposing a rights offering. Presently there are 350,000 shares outstanding at $64 each. There will be

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1. Rights Offerings (L04] Hickock, Inc., is proposing a rights offering. Presently there are 350,000 shares outstanding at $64 each. There will be 50,000 new shares offered at $58 each. a. What is the new market value of the company? b. How many rights are associated with one of the new shares? c. What is the ex-rights price? d. What is the value of a right? e. Why might a company have a rights offering rather than a general cash offer? adrinhts

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