Suppose you own 100 shares of common stock in a financial institution with 1000 total shares outstanding and Rs 100 000 cash balance. The Financial Institution announces a plan to sell an additional 300 shares through right offerings. The market valuc of the share is Rs 450 before right offerings and the new shares are being offered to existing sharcholders for Rs 300 per share. What is preemptive right? What is the value of each right? b. What is market value of the stock ofter the right offerings? a. c. If you exercise your preemptive rights, how many of the new shares can you purchase? Show the wealth position. d. If you sell all your rights show your wealth position. e. If you exercise 40 percent of right and sell the remaining right, show you wealth position. f. If you decide not to exercise and not to sell your preemptive rights, what is your wealth in the firm after the right offering? Draw your conclusions