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Redirect Energy Corporation has issued rights to its shareholders . The subscription price is $ 6 6 , and seven rights are needed along with

Redirect Energy Corporation has issued rights to its shareholders . The subscription price is $ 66, and seven rights are needed along with the subscription price to buy one of the new shares . The stock is selling for $ 85 rights - on .. What would be the value of one right ?( Round the final answer to 2 decimal places .) Value of one right $ b . If the stock goes ex - rights , what would the new stock price be ?( Do not round intermediate calculations . Round the final answer to 2 decimal places .) New stock price
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