Finz is a financial institution that trades on the Toronto Stock Exchange. It is thinking of making a rights issue to raise $400 million, with a subscription price of $25 per share. The current price of its stock is $35 per share; and Finz has 80 million shares outstanding (a) What is the ex-rights price of the stock assuming all rights are exercised? (5 POINTS) (b) Now assume that only 85 percent of the rights are exercised. What is the ex-rights price? (5 POINTS)