Excellent company has announced a rights offer. The company has announced that it will take four rights to buy a new share in the offering at a subscription price of $20. At the close of business the day before the ex-rights day, the companys stock sells for $50 per share. The next morning, you notice that the stock sells for $44 per share and the rights sells for $5 each. Are the stock and/or the rights correctly priced on the ex-rights day? Descr ibe a transaction in which you could use these prices to create an immediately profit.