Rights. Practice Problem 15 contains details of a rights offering by Pandora. Suppose that the company had decided to issue the new stock at $4 instead of $5 a share. Homany would it have needed to raise the same sum of money? Recalculate the answers to practice problem 15. Show that Pandora's shareholders are just as well off if it issues the shares at $4 a share rather than the $5 asssumed in Practice Problem 15