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Zeta Corp. has 2 million shares of common stock currently outstanding and is planning to sell 500,000 new shares to its existing shareholders through a

image text in transcribed Zeta Corp. has 2 million shares of common stock currently outstanding and is planning to sell 500,000 new shares to its existing shareholders through a rights issue. The current market price of a share is $65 (selling rights-on), and the subscription price is $55. Calculate the price of stocks selling ex-rights (a) and calculate the value of a right if the stock is selling ex-rights (b). Select the correct answer below. The first value is the price of the stock selling exrights and the second value is the value of a right if the stock is selling ex-rights. Hint, you first need to calculate the value of each right selling rights-on (review "the value of a right" in the text). a. $65,$2.5 b. $63,$2 c. $65,$2 d. $63,$2.5

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