Which situtаiоn belоw viоlаtes аn assumption for conducting hypothesis tests using the t statistic?
Suppоse yоu оwn 64,000 shаres of common stock in а firm with 2 million totаl shares outstanding. The firm announces a plan to sell an additional 1 million shares through a rights offering. The market value of the stock is $54 before the rights offering and the new shares are being offered to existing shareholders at a $4 discount. a. If you exercise your preemptive rights, how many of the new shares can you purchase?b. What is the market value of the stock (per share) after the rights offering?c. What is your total investment in the firm after the rights offering?d. If you decide not to exercise your preemptive rights but sell those rights, what is your investment in the firm after the rights offering? How much money will you receive from the rights sale and what is the total value of your proceeds from the sale of the rights offering plus your investment in the firm?