Mitsi Inventory systems Inc has announced a right offer. The company has announced that it will take 3 rights to buy a new share in the offering at a subscription price of $49. At the close of business the day before the ex-right day, the company's stock sells for $70 per share. The next morning, you notice the stock sells for $58 per share and the rights sells for $2 each. 1)What is the amount of instant profit you can make on ex-rights day per new share? Please help.