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Mitsi Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in

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Mitsi 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 $45. At the close of business the day before the ex-rights day, the company's stock sells for $80 per share. The next morning, you notice that the stock sells for $60 per share and the rights sell for $2 each. What price should the stock sell for ex-rights? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Ex-rights price $ 71.25 What is the value of one right? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Value of one right $ 10

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