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Question: Knight Inventory Systems, Inc., has announced a rights offer. The company has announced that it will take four rights to buy a new share in the offering at a subscription price of $35. At the close of business the day before the ex-rights day, the company's stock sells for $60 per share. The next morning, you notice that the stock sells for $53 per share and the rights sell for $3 each. What is the value of the stock ex rights? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) swam-ants _ What is the value of a right? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Amy and Chris have three children and are unclear whether they can claim their children as dependents
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