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Todd Winningham N has $5.000 to invert. He has been looking at Gallagher Tennis Clubs inc. common stock. Gallagher has issued a rights offering to

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Todd Winningham N has $5.000 to invert. He has been looking at Gallagher Tennis Clubs inc. common stock. Gallagher has issued a rights offering to its common stockholders. Three rights plus $54 cash will buy one new share. Ga lagher's stock is selling for $69 exrights a-1. How many rights could Todd buy with his $5,000 ? (Do not round Intermedlate calculatlons and round your answer to the nearest whole number. 0.2. Aternatively, how many shares of stock could he buy with the same $5,000 at $69 per share? (Do not round Intermedlate calculations and round your answer to the nearest whole number.) b. If Todd invests his $5,000 in Gallogher rights and the price of Gallagher stock rises to $76 per share ex-nahith, what would his dollor: profit on the rights be? (First compute profit per right) (Do not round intermediate calculations and round your answer to the nearest whole dollac.) c. If Todd invests his $5.000 in Gallegher stock and the price of the stock rises to $76 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 intermedlate calculations and round your answer to the neorest whole dollon.)

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