Knight Inventory Systems, Incorporated, 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 $35. At the close of business the day before the ex-rights day, the company's stock sells for $60 per share. The next morning, you notice that the stock sells for $3 per share and the rights sell for $3 each. What price should the stock sell for ex rights? (Do not round intermediate caiculations and round your answer to 2 decimal places, e.g.. 32.16.) What is the value of one right? Are the rights underpriced of overpriced? Underpriced Overpriced O What is the amount of instant profit you can make on the ex-rights day per new share