Sheary, Inc., is proposing a rights offering. Presently, there are 500,000 shares outstanding at $61 each. There will be 25,000 new shares offered at $49 each.

a.What is the new market value of the company?(Do not round intermediate calculations.)

New market value$

b.How many rights are associated with one of the new shares?(Do not round intermediate calculations.)

Number of rights neededrights

c.What is the ex-rights price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Ex-rights price$

d.What is the value of a right?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Value of a right$