he Clifford Corporation has announced a rights offer to raise $30 million for a new journal, the Journal of Financial Excess. This journal will review potential articles after the author pays a nonrefundable reviewing fee of $5,000 per page. The stock currently sells for $48 per share and there are 4.5 million shares outstanding. What is the ex-rights price? Recall that the ex-rigths price is the new share price after the rights have been isued. What is the value of a right