The Andersons own five shares of Magic Tricks Corporation's common stock. The market value of the stock is $62. The Andersons also have $44 in cash. They have just received word of a rights offering. One new share of stock can be purchased at $44 for each five shares currently owned (based on five rights). Note: Do not round intermediate calculations and round your answers to the nearest whole dollar. a. What is the value of a right? Value per right b. What is the value of the Andersons' portfolio before the rights offering? (Portfolio in this question represents stock plus cash.) Portfolio value $ 354 c-1. Compute the diluted value (ex-rights) per share. Diluted value Portfolio value $ 354 59 c-1. Compute the diluted value (ex-rights) per share. k Diluted value $ 59 it c-2. If the Andersons participate in the rights offering, what will be the value of their portfolio, based on the diluted value (ex-rights) of the stock? 1 nces Portfolio value $ 339 d. If they sell their two rights but keep their stock at its diluted value and hold on to their cash, what will be the value of their portfolio?