Problem $15-1$ Rights Offerings $[$LO$4]$

Hassinah, Incorporated, is proposing a rights offering. Presently there are $600,000$

shares outstanding at $$76$ each. There will be $30,000$ new shares offered at $$66$ each.

a$.$ What is the new market value of the company? $($Do not round intermediate

calculations.$)$

b$.$ How many rights are associated with one of the new shares? $($Do not round

intermediate calculations.$)$

c$.$ What is the ex$-$rights price? $($Do not round intermediate calculations and round your

answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

d$.$ What is the value of a right? $($Do not round intermediate calculations and round your

answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$