Prime Direct Corporation has issued rights to its shareholders. The subscription price is $$20\mathrm{.}00,$ and three rights are needed along

with the subscription price to buy one of the new shares. The stock is selling for $$25\mathrm{.}00$ rights$-$on$.$

a$.$ What would be the value of one right? $($Do not round intermediate calculations and round your answer to $2$ decimal places.$)$

Value of one right

$

b$.$ If the stock goes ex$-$rights, what would be the new share price? $($Do not round intermediate calculations and round your answer to

$2$ decimal places.$)$