The Woods Co. and the Speith Co. have both announced IPOS at $53 per share. One of these is undervalued by $11, and the other is overvalued by $2, but you have no way of knowing which is which. You plan to buy 800 shares of each issue. If an issue is underpriced, it will be rationed, and only half your order will be filled. a.If you could get 800 shares in Woods and 800 shares in Speith, what would your profit be? (Do not round intermediate calculations.) b.What profit do you actually expect? (Do not round intermediate calculations.) Profit a Expected profit b Nemesis, Inc., has 120,000 shares of stock outstanding. Each share is worth $69, so the company's market value of equity is $8,280,000. Suppose the firm issues 21,000 new shares at the following prices: $69, $66, and $61. What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share? (Leave no cells blank; if there is no effect select "No change" from the dropdown and enter "O". Round your answers to 2 decimal places, e.g., 32.16.) (X Answer is complete but not entirely correct. Price Ex-Rights Effect Amount per share $69 $ $ No change 69.00 a. $66 b. 68.55 Price drops by $ 0.45 per share per share $61 $ $ 394.14 X Price drops by 67.81 C