Question: Leah, Inc., is proposing a rights offering. Presently there are 600,000 shares outstanding at $47 each. There will be 120,000 new shares offered at $38

Leah, Inc., is proposing a rights offering. Presently there are 600,000 shares outstanding at $47 each. There will be 120,000 new shares offered at $38 each.

a.What is the new market value of the company?(Do not round intermediate calculations.)

b.How many rights are associated with one of the new shares?(Do not round intermediate calculations.)

c.What is the ex-rights price?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

d.What is the value of a right?

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