Grantland Rice Co. has issued rights to its shareholders. The subscription price is $74, and 7 fights are needed along with subscription price to buy one of the new shares. The stock is selling for $96 rights-on. . What would be the value of one right? (Omit $ sign in your response. Round the final answer to 2 decimal places.) Walue of one right If the stock goes ex-rights, what would be the new share price? (Omit $ sign in your response. Round your intermediate nswer to 2 decimal places.) ew stock price $[

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