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 $37. At the close of business the day before the ex-rights day, the company's stock sells for $59 per share. The next morning, you notice that the stock sells for $48 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 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 Are the rights underpriced or overpriced? O Underpriced Overpriced What is the amount of instant profit you can make on ex-rights day per new share? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Instant profit