4. Numerical problem I (20p) A firm makes a rights offer of one new share for four old shares at an issue price of 100 (N 1:4 - 100) (a) If the market price equals 200 on the last day before the stock goes ex, what is the (b) What is the ex-right market price per share, if the market price equals 200 and the ex-right market price per share? rights offer in the previous question (N 1:4 - 100) takes place at the same time as a stock dividend of one new share for four old shares (F 1:4)? (c) What is the ex-right market price per share, if the market price is 200, the firm makes a rights offer of one new share for four old shares at an offer price of 100 (N 1:4 100), and the next dividend of 20 per share is reserved for old shareholders? (d) What is the ex-right market price per share, if the market price is 200, the firm makes a rights offer of one new share for four old shares at an offer price of 100 (N 1:4 - 100), old shareholders receive the next dividend of 20 per share, and new shareholders receive half the next dividend of 10 per share