Hickock, Inc., is proposing a rights offering. Presently there are 600,000 shares outstanding at $62 each. There will be 60,000 new shares offered at $52 each.

a.	What is the new market value of the company? (Do not round intermediate calculations.)

New market value

$

b.	How many rights are associated with one of the new shares? (Do not round intermediate calculations.)

Number of rights needed

c.	What is the ex-rights price? (Do not round intermediate calculations. Round your answer to 2 decimal places)

Ex-rights price

$

d.	What is the value of a right? (Do not round intermediate calculations. Round your answer to 2 decimal places)