Question: Hi, I would like some help understanding this in excel, a step by step solution would be great. Question 1: Alpha Corp. currently has the

Hi,

I would like some help understanding this in excel, a step by step solution would be great.

Question 1:
Alpha Corp. currently has the number of shares outstanding mentioned below. The market price of the shares is also given. Alpha Corp. decides to raise additional funds via a 2 for 5 rights offer at the issue price provided. If we assume 100% subscription, what is the value of each right?
Number of shares outstanding 2 550 000
Market Price Per Share 21,60
Issue Price 11,90

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