Bowman, Inc., is proposing a rights offering. Presently there are 600,000 shares outstanding at $47 each. There will be 120,000 new shares offered at $38 each.
What is the new market value of the company?
How many rights are associated with one of the new shares?
What is the ex-rights price? (Round your answer to 2 decimal places. (e.g., 32.16))
What is the value of a right? (Round your answer to 2 decimal places. (e.g., 32.16))