Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take four rights to buy a new share in the offering at a subscription price of $29. At the close of business the day before the ex-rights day, the company's stock sells for $50 per share. The next morning, you notice that the stock sells for $44 per share and the rights sell for $2 each. What is the value of the stock ex-rights? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32,16.) 2. Stock ex-rights What is the value of a right? (Do not round intermediate caldulations and round your answer to the nearest whole number, e.g. 32.) + Value of a right Are the rights underpriced or overpriced