The Clifford Corporation has announced a rights offer to raise $20 million for a new journal, the Journal of Financial Excess. This journal will review potential articles after the author pays a nonrefundable reviewing fee of $4,000 per page. The stock currently sells for $60 per share, and there are 3.1 million shares outstanding. a. What is the maximum possible subscription price? What is the minimum? (Leave no cells blank - be certain to enter "0" wherever required.) The maximum possible subscription price is The minimum price is anything greater than $ b. If the subscription price is set at $50 per share, how many shares must be sold? How many rights will it take to buy one share? (Do not round intermediate calculations, Round your rights needed answer to 2 decimal places, e.g., 32.16.) Number of new shares Number of rights needed c. What is the ex-rights price? What is the value of a right? (Do not round Intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16.) Ex-rights price Value of a right