Question: Computer Graphics has announced a rights offering for its shareholders. Carol Stevens owns 2 , 3 0 0 shares of Computer Graphics stock. Four rights

Computer Graphics has announced a rights offering for its shareholders. Carol Stevens owns 2,300 shares of Computer Graphics stock. Four rights plus $63 cash are needed to buy one of the new shares. The stock is currently selling for $79 rights-on.
a. What is the value of a right?

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