will 2. Southern Markets has announced a rights offer to raise $3,628,800. The company's stock currently sells for $26.80 per share, there are 675,000 shares outstanding, and one right will be granted for each outstanding share. The subscription price is set at $21 per share. What is the ex-rights price per share? Els Nel S=Net income anche una bu yannamoo 3,628,800/675,000 = 5.38 lgi ono suzzi Ilir o boblebad oubora mismoM $21/5.38 2.90W gnibnutzuo vlasmuo 2012 oiu Toa 1990 000.00 od 2 lote od 10 gong h 3. The Huff Co. has just gone public. Under a firm commitment agreement, the company received $17.64 for each of the 3.2 million shares sold. The initial offering price was $22.50 per share, and the stock rose to $24.15 per share in the first day of trading. The company paid $984,900 in direct legal and other costs and incurred $340,000 in indirect costs. What was the flotation cost as a percentage of the net amount raised