XYZ Corp. has announced that it will take four rights to buy a new share in the offering at a subscription price of $$35.$ At the close of business, the day before the ex$-$rights day, the company$$s stock sells for $$60$ per share. The next morning, you notice that the stock sells for $$53$ per share and the rights sell for $$6$ each. Are the stock and$/$or the rights correctly priced on the ex$-$rights day? Describe a transaction in which you could use these prices to create an immediate profit.