In 2010, Pandora, Inc., makes a rights issue at a subscription price of $8 a share. One new share can be purchased for every four shares held. Before the issue there were 13 million shares outstanding, and the share price was $11.

a. What is the total amount of new money raised ? ( Round your answer to 2 decimal places . \\ Total amount of money raised $26 0 million 6 . What is the expected stock price after the rights are issued ? ( Round your answer to the nearest cent . ! Expected stock price per share $6.46 13a . What is the total amount of new money raised ? ( Round your answer to 2 decimal places . ) Total amount of money raised $18 0 million 6 . What is the expected stock price after the rights are issued ? ( Round your answer to the nearest cont . ) Expected stock price per share $5.5 13