Cye, Inc., has 195,000 shares of stock outstanding. Each share is worth $73, so the company's market
Question:
Cye, Inc., has 195,000 shares of stock outstanding. Each share is worth $73, so the company's market value of equity is $14,235,000. Suppose the firm issues 30,000 new shares at the following prices: $73, $69, and $60. What will the effect be of each of these alternative offering prices on the existing price per share?
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Given Data Input Area Shares outstanding 195000 Share pr...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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