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Wong Tai Sin Corporation s stock currently sells for $ 9 0 per share. There are cur - rently 3 , 0 0 0 ,

Wong Tai Sin Corporations stock currently sells for $90 per share. There are cur-rently 3,000,000 shares outstanding. Yesterday the firm has issued rights to raise new equity capital. To purchase a new share, a stockholder must remit $30 and three rights. The ex-rights date is tomorrow.
a.(2 points) How much equity capital will the firm raise by the rights issuance?
b.(3 points) What is the ex-rights share price?
c.(3 points) What is the value of one right?

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