Problem 19-12 Rights

A companys stock currently sells for $81 per share. Last week the firm issued rights to raise new equity. To purchase a new share, a stockholder must remit $25 and 3 rights.

a. What is the ex-rights stock price? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).) Stock price $

b. What is the price of one right? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).) Value of one right $

Please give me the steps to work out so I can learn how to do on my own. I have no idea where to start because I have never calculated with so little information before... Thank you!