Computer Graphics has announced a rights offering for its shareholders, Carol Stevens owns 2,600 shares of Computer Graphics stock. Eight rights plus $66 cash are needed to buy one of the new shares. The stock is currently selling for $84 rights-on. a. What is the value of a right? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Value per right b-1. How many of the new shares could Carol buy if she exercised all her rights? Note: Do not round intermediate calculations. Round your answer down to the nearest whole number. Number of shares b-2. How much cash would this require? Note: Round down the number of shares to the nearest whole number and round your answer to the nearest whole dollar. Cash required

Computer Graphics has announced a rights offering for its shareholders. Carol Stevens owns 2,600 shares of Computer Graphics stock. Eight rights plus $66 cash are needed to buy one of the new shares. The stock is currently selling for $84 rights-on. a. What is the value of a right? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-1. How many of the new shares could Carol buy if she exercised all her rights? Note: Do not round intermediate calculations. Round your answer down to the nearest whole number. b-2. How much cash would this require? Note: Round down the number of shares to the nearest whole number and round your answer to the nearest whole dollar