Knight Inventory Systems, Incorporated, 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 $$47.$ At the close of business the day before the ex$-$rights day, the company's stock sells for $$70$ per share. The next morning, you notice that the stock sells for $$60$ per share and the rights sell for $$3$ each.

a$.$ What is the value of the stock ex$-$rights? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the value of a right? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$

c$.$ Are the rights underpriced or overpriced?

d$.$ What is the amount of immediate profit per share that you can make on ex$-$rights day per share? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$

$\backslash$table$[[$a$.$ Stock price ex$-$rights,$],[$b$.$ Value of a right,$],[$c$.$ Underpriced$/$Overpriced$,],[$d$.$ Profit,$]]$