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See attachment. Todd Winningham IV has $4,200 to invest. Todd owns shares of Gallagher Tennis Clubs Inc. Gallagher has issued a rights offering to its

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Todd Winningham IV has $4,200 to invest. Todd owns shares of Gallagher Tennis Clubs Inc. Gallagher has issued a rights offering to its common shareholders. Five rights plus $40 cash will buy one new share. Gallagher's stock is selling for $55 ex-rights. a-1. How many rights could Todd buy with his $4,200? Number of rights a-2. Alternatively, how many shares of stock could he buy with the same $4,200 at $55 per share? (Round the final answer to the nearest whole number.) Number of shares b. If Todd Invests his $4,200 in Gallagher rights and the price of Gallagher stock rises to $60 per share ex- rights, what would be his dollar profit on the rights? (First compute profits per right.) (Do not round Intermediate calculations.} Dollar profit c. If Todd Invests his $4,200 in Gallagher stock and the price of the stock rises to $60 per share ex-rights, what would be his total dollar profit? (Round Intermediate calculations.) Total dollar profit d. What would be the answer to part b If the price of Gallagher's stock falls to $32 per share ex-rights instead of rising to $60? (Negative answer should be Indicated by a minus sign.) Dollar profit / loss on the rights $ e. If Todd Invests his $4,200 in Gallagher stock and the price of the stock falls to $32 per share ex-rights, what would his dollar profit be? (Negative answer should be Indicated by a minus sign.) Dollar profit / loss on the stock $

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