Todd Winningham IV has $5,700 to invest. He has been looking at Gallagher Tennis Clubs Inc. common stock. Gallagher has issued a rights offering to its common stockholders. Six rights plus $64 cash will buy one new share. Gallaghers stock is selling for $82 ex-rights.

If Todd invests his $5,700 in Gallagher rights and the price of Gallaghers stock falls to $56 per share, ex-rights, what would his dollar profit on the rights be? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole dollar.)

Dollar profit/loss

$

e.

If Todd invests his $5,700 in Gallagher stock and the price of Gallaghers stock falls to $56 per share ex-rights, what would be his total dollar profit? (Negative amount should be indicated by a minus sign. Use the rounded number of shares from part a-2. Do not round any other intermediate calculations and round your answer to the nearest whole dollar.)

Dollar profit/loss on the stock

$