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Grantland Rice Co. has issued rights to its shareholders. The subscription price is 576, and rights are needed along with subscription price to buy one

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Grantland Rice Co. has issued rights to its shareholders. The subscription price is 576, and rights are needed along with subscription price to buy one of the new shares. The stock is selling for $95 rights on a. What would be the value of one right? (Omit 5 sign in your response, Round the final awwer to 2 decimal places) Value of one right $ b. If the stock goes ex-rights, what would be the new share price? (Omits sign in your response, Round your intermediate and final answer to 2 decimal places.) New stock price $

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