Strawberry company provides a rights offering with the following details.- Items Amount Number of rights for one new share 6 Subscription price $53 per share Stock price (closing price before ex-rights day) $93 per share Stock price (opening price on ex-rights day) $82 per share Selling price for rights (on ex-rights day) $3.5 each (i) Calculate the correct ex-rights price and the value of a right. (ii) Illustrate how you could exploit profit from the mispricing and calculate the profit