PriceBefore PriceBefore 1+% stock dividend Stock split factor S- P B9. (Transferable put rights) Common stock of TarHeals Medicinal Products, Ltd. has a cur- rent markct valuc of $23. TarHeals is planning to issue transferable put rights to its share- holders, with four put rights required to sell one sharc back to the firm for $30. I. M Confused has a tax basis of $17.50 per share for his shares in TarHeals. If L. M.s capil gains tax rate is 14%, what would you cxpect a put right to be worth to him? PriceBefore PriceBefore 1+% stock dividend Stock split factor S- P B9. (Transferable put rights) Common stock of TarHeals Medicinal Products, Ltd. has a cur- rent markct valuc of $23. TarHeals is planning to issue transferable put rights to its share- holders, with four put rights required to sell one sharc back to the firm for $30. I. M Confused has a tax basis of $17.50 per share for his shares in TarHeals. If L. M.s capil gains tax rate is 14%, what would you cxpect a put right to be worth to him