Grantland Rice Co, has issued rights to its shareholders. The subscription price is $74, and 7 rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $96 rights-on. a. What would be the value of one right? (Omit $ sign in your response. Round the final answer to 2 decimal places.) Value of one right $ b. If the stock goes ex-rights, what would be the new share price? (Omit $ sign in your response. Round your intermediate and final onswer to 2 decimal places.) New stock price $