Q1 wants to raise $120,000 with a rights offering. There are 1,500 shares outstanding, which currently are trading at $90. Each share will receive 4 rights and the subscription price is $30. a. Calculate the ex-right share price and the value of a right. b. Repeat part a if the subscription price is $5. c. Repeat part a if the subscription price is $90. d. Repeat part a if the subscription price is $100.