The Woods Co. and the Speith Co. have both announced IPOs at $52 per share. One of these is undervalued by $11, and the other is overvalued by $5, but you have no way of knowing which is which. You plan to buy 1,900 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 1,900 shares in Woods and 1,900 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.) a. Proft b. Expected profit Prahm Corp. wants to raise $5.4 million via a rights offering. The company currently has 600,000 shares of common stock outstanding that sell for $55 per share. Its underwriter has set a subscription price of $26 per share and will charge the company a spread of 5 percent. If you currently own 3,000 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Your proceeds from sale of rights