Question: I got the second part right. I just need help with part a please. Boles Bottling Co. has issued rights to its shareholders. The subscription

I got the second part right. I just need help with part a please.

Boles Bottling Co. has issued rights to its shareholders. The subscription price is $60 and four rights are needed along with the subscription price to buy one of the new shares. The stock is selling for $73 rights-on.

a. What would be the value of one right? (Do not round intermediate calculations and round your answer to 2 decimal places.)

Value of one right

b. If the stock goes ex-rights, what would the new stock price be? (Do not round intermediate calculations and round your answer to 2 decimal places.)

New stock price

$70.40

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4. Explain the strengths and weaknesses of each approach.

d. Describe any challenges in trying to communicate. If there were no challenges, explain why you think it was so easy.

3. Identify the methods used within each of the three approaches.