Problem 15-15 Valuing a Right [L04] Knight 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 $39. At the close of business the day before the ex-rights day, the company's stock sells for $60 per share. The next morning, you notice that the stock sells for $52 per share and the rights sell for $3 each What is the value of the stock ex-rights? (Do not round intermediate calculations and round your answer to 2 decimal places. e.g. 32.16.) Stock ex-rights Whot is the value of a right? (Do not round intermediate ceicuiations and round your answer to the nearest whole number. e.9 32.) Value of a right