Save & Exit Submit 8 Grantland Rice Co has issued rights to its shareholders. The subscription price is $52, and 6 rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $62 rights-on. a. What would be the value of one right? (Omit $ sign in your response. Round the final answer to 2 decimal places.) Value of one night b. If the stock goes ex-rights, what would be the new share price? (Omit $ sign in your response. Round your intermediate and final answer to 2 decimal places.) New stock price $