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Hassinah, Incorporated, is proposing a rights offering. Presently there are 8 0 0 , 0 0 0 shares outstanding at $ 4 8 each. There

Hassinah, Incorporated, is proposing a rights offering. Presently there
are 800,000 shares outstanding at $48 each. There will be 160,000
new shares offered at $40 each.
a. What is the new market value of the company? (Do not round
intermediate calculations.)
b. How many rights are associated with one of the new shares? (Do not
round intermediate calculations.)
c. What is the ex-rights price? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g.,32.16.)
d. What is the value of a right? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,
32.16.)
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