The company 4. Choo-Choo Transports, Inc. is looking to raise 15,000,000 through a rights offer. The currently has 2,000,000 outstanding shares of common equity that are trading at $40 per A shareholder will need four rights in order to subscribe to a new share. The company also $120,000,000 in debt in the form of a bond issue that has a coupon rate of 5% that is paying sem annually and has a maturity date of 15 years. The current yield to maturity is 5.1% a. What is the subscription price for the rights offer? b. What is the ex-rights price of the common stock? c. If a shareholder owns 2,300 shares how much would be proceeds from selling the rights? d. What is the company's debt-to-equity ratio after the shares have been subscribed