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Mr. and Mrs. Anderson own four shares of Magic Tricks Corporation's common stock. The market value of Andersons also have $51 in cash. They have

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Mr. and Mrs. Anderson own four shares of Magic Tricks Corporation's common stock. The market value of Andersons also have $51 in cash. They have just received word of a rights offering. One new share of for each four shares currently owned (based on four rights) (Do not round inte nearest whole dollar.) the stock is $66. The stock can be purchased at $51 mediate calculations and round your answers a. What is the value of a right? Value per rightS3 b. What is the value of the Andersons' portfolio before the rights offering? (Portfolio in this question represents stock plus cash) S315 c-1. Compute the diluted value (ex-rights) per share 63 Diluted value Prey7ofg Next

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