Question 14 In October 2019, TeaTey Co shares sell for 10.19 per share. The company is needs to raise funds for research to develop a new tea infusion. The board of directors has agreed to raise the necessary funds through a rights issue. The firm announced the terms of this process, which require shareholders to pay 7 and hold 3 rights for the chance to buy one new share. 1) What is ex-rights share price after the rights issue? (5 marks) a. 12.01 b. 8.25 c. 9.39 d. 10.01 2) What is the value of one right? (5 marks) a. 0.65 b. 0.80 c. 1.04 d. None of the above