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Todd Winningham IV has $4,100 to invest. He has been looking at Gallagher Tennis Clubs Inc. common stock. Gallagher has issued a rights offering to its common stockholders. Five rights plus $50 cash will buy one new share Gallagher's stock is selling for $70 ex- rights a-1. How many rights could Todd buy with his $4,100? (Do not round Intermediate calculations and round your answer to the nearest whole number.) Number of rights 1,025 a-2. Alternatively, how many shares of stock could he buy with the same $4,100 at $70 per share? (Do not round intermediate calculations and round your answer to the nearest whole number.) Number of shares 59 b. If Todd invests his $4,100 in Gallagher rights and the price of Gallagher stock rises to $75 per share ex-rights, what would his dollar profit on the rights be? (First compute profit per right) (Do not round intermediate calculations and round your answer to the neares whole dollar.) Dollar profit $ 1,025 c. if Todd invests his $4100 in Gallagher stock and the price of the stock rises to $75 per share ex-rights, what would his total dollar profit be? (Use the rounded number of shares from part 3-2. Do not round any other intermediate calculations and round your answer to the nearest whole dollar.) Total dollat profit $ 291 d. If Todd invests his $4,100 in Gallagher rights and the price of Gallagher's stock falls to $42 per share, ex-rights, what would his dollar profit on the rights be? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole dollar.) Dollar profitioss $ (4.100) e. If Todd invests his $4,100 in Gallagher stock and the price of Gallagher's stock falls to $42 per share ex-rights, what would be his total dollar profit? (Negative amount should be indicated by a minus sign. Use the rounded number of shares from part a-2. Do not round any other intermediate calculations and round your answer to the nearest whole dollar.) Dollar profitoss on the stock S (1,640)

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