Luton Corporation currently has 28 million shares outstanding at a price of $20 per share. The company has announced a rights issue where every existing shareholder will be sent one right per share that he/she owns. The company requires 4 rights to purchase one share at a price of $15 per share. Assume that every shareholder takes up the rights. The theoretical exright price and the theoretical value of a right are closet to?

A) $19 and $5

B) $19 and $1

C) $15 and $5

D) $15 and $1

E) $20 and $5