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Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in
Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in the offering at a subscription price of $ At the close of business the day before the exrights day, the company's stock sells for $ per share. The next morning, you notice that the stock sells for $ per share and the rights sell for $ each.
What is the value of the stock exrights? Do not round intermediate calculations and round your answer to decimal places, eg
Stock exrights
What is the value of a right? Do not round intermediate calculations and round your answer to the nearest whole number, eg
Value of a right
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