Question 16 ABCCo, when it was trading at $33, made a 2 for- 6 renounceable Not yet answered rights issue offer of $27.71 to their existing shareholders. The firm's current ordinary share price is $28.43. What is the value of the right? Give your final answer as dollars rounded to the nearest cent. For example, for "\$123.4567" you would input "123.46" (without the quotation marks). Do not round any of the intermediate steps of your calculation. Only round your final