Question: Check my work mode : This shows what is correct or incorrect for the work you have completed 13 Prahm Corp. wants to raise $5.5

Check my work mode : This shows what is correct or incorrect for the work you have completed 13 Prahm Corp. wants to raise $5.5 million via a rights offering. The company currently has 610,000 shares of common stock outstanding that sell for $56 per share. Its underwriter has set a subscription price of $25 per share and will charge the company a spread of 6 percent. points If you currently own 4,000 shares of stock in the company and decide not to participate in the rights offering, how much money can you get by selling your rights? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Your proceeds from sale of rights $ 34,360.00

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