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Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $58. The current price is $60.80 per share

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Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $58. The current price is $60.80 per share and there are 5 million shares outstanding. The rights offer would raise a total of $44,000,000. How many rights are required to get a new share? Round your answer to the nearest integer. Enter your answer below. 5 Correct response: 5 Given that 5 rights are needed to get a new share, what is the subscription price (the price for a new share)? Round your answer to 2 decimal places. Enter your answer below. Number

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