# Mitsi Inventory Systems, Inc., has announced a rights offer. The company has announced that it will 1 answer below »

 Mitsi Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take three rights to buy a new share in the offering at a subscription price of \$53. At the close of business the day before the ex-rights day, the companyAc€?cs stock sells for \$80 per share. The next morning, you notice that the stock sells for \$65 per share and the rights sell for \$2 each.

 What is the value of the stock ex-rights? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

 Stock price ex rights \$

 What is the value of one right? Calculate your answer based on the actual ex-rights price. (Do not round intermediate calculations.)

 Value of one right \$

 Are the rights underpriced or overpriced? (Click to select)UnderpricedOverpriced

 What is the amount of instant profit you can make on ex-rights day per share?

 Instant profit \$