10. value: 10.00 points Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in the offering at a subscription price of $49. At the close of business the day before the ex-rights day, the company's stock sells for $70 per share. The next morning, you notice that the stock sells for $58 per share and the rights sell for $2 each. What is the value of the stock ex-rights? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock ex-rights . A 64.75 What is the value of a right? Value of a right Are the rights underpriced or overpriced? Underpriced What is the amount of immediate profit you can make on ex-rights day per share? Immediate profit $