Jefferson refining is issuing a rights offering wherein every shareholder will receive one right for each share of stock they own. the new shares in this offering are priced at $19 plus 3 rights. the current market price of the stock is $26.80 a share. what is the value of one right? provide your answer in dollars and cents, to the nearest $0.01.

Avillage levied property taxes of $910,000 for calendar year 2019 on january 1, 2019 and immediately set up an allowance of $10,000 for uncollectible taxes. the village collected $870,000 in cash during 2019. it expected to collect $22,000 of the unpaid taxes during the first 60 days of 2020 and an additional $8,000 during the rest of 2020. how much should the village recognize as property tax revenues in its 2019 general fund financial statements? a) $870,000 b) $892,000 c) $900,000 d) $910,000