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Todd Winningham IV has $6,300 to invest. He has been looking at Gallagher Tennis Clubs Inc. common stock. Gallagher has issued a rights offering to

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Todd Winningham IV has $6,300 to invest. He has been looking at Gallagher Tennis Clubs Inc. common stock. Gallagher has issued a rights offering to its common stockholders. Five rights plus $72 cash will buy one new share. Gallagher's stock is selling for $87 ex- rights. 2-1. How many rights could Todd buy with his $6,300? (Do not round Intermediate calculations and round your answer to the nearest whole number.) Number of rights a-2. Alternatively, how many shares of stock could he buy with the same 56,300 at $87 per sharo? (Do not round Intermediate calculations and round your answer to the nearest whole number.) Number of shares b. If Todd invests his $6,300 in Gallagher rights and the price of Gallagher stock rises to $90 per share ex-rights, what would his dollar profit on the rights be? (First compute profit per right) (Do not round intermediate calculations and round your answer to the nearest whole dollar) Dollar pront c. If Todd invests his $6,300 in Gallagher stock and the price of the stock rises to $90 per share ex-rights, what would his total dollar profit be? (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) Total tollat profit loos Hint d. If Todd invests his $6,300 In Gallagher rights and the price of Gallagher's stock folls to $64 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) Dolur profilo Pin e. It Todd invests his $6,300 in Gallagher stock and the price of Gallagher's stock foils to $64 per share ex rights, what would be his total dolor profit? (Negative amount should be indicated by a minub 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 dolar) Dolar profilass on the stock

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