PROBLEM #2: [7.5 marks] Solve on paper, take a picture and upload De Beers Group needs to raise $45 million to pay for its Diamonds-in-the-Rough campaign. It will raise the funds by offering 1.5 million new shares. The company currently has 6 million shares outstanding priced at $43.50 each. (Show all your calculations). a) What must be the subscription price on the rights the company plans to offer? [1.5 marks] b) What will be the share price after the rights issue? [4 marks] =) What is the value of a right to buy one share? [2 marks]