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Review Picture. Todd II.I'.I'inningham Iv has $5,000 to Invest. Todd owns shares of Gallagher Tennis Clubs Inc. Gallagher has issued a rights offering to its

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Todd II.I'.I'inningham Iv has $5,000 to Invest. Todd owns shares of Gallagher Tennis Clubs Inc. Gallagher has issued a rights offering to its common shareholders. Three rights plus $54 cash will buy one new share. Gallag her's stock ls selling for $69 exrlgi'rts. ad. How many rights could Todd buy with his 55,000? Number of rights |:| avl Alternatively. how many shares of stock could he buy with the same $5,000 at $69 per share? {Round the nal answer to the nearest whole number.] Number of shares |:| b. It Todd Invests his $5.000 in Gallagher rights and the price of Gallagher stock rises to 9'8 per share etc-rights, what would be his dollar prot on the rights? {First compute profits per right] {Do not round intermediate calculations.) Dollar prot $ |:| c. If Todd Invests his $5.000 In Gallagher stock and the price of the stock rises to $'l'6 per share ex-rlghts. what would be his total dollar prot? {Round intermediate calculations.) Total dollar prot 5 |:| d. What would be the answer to part b If the price of Gallagher's stock falls to $45 per share eatrights instead of rising to 335? {Negative answer should be Indicated by a minus slg n.) Dollar protlr loss on the rights $ |:| e. If Todd Invests his $5,000 In Gallagher stock and the price of the stock falls to $45 per share artrights. what would hIs dollar prot be? [Negative answer should be Indicated by a minus sign] Dollar prot! loss on the stock 5 |:|

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