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3. Price Dilution Crawford, Inc., has 155,000 shares of stock outstanding. Each share is worth $77, so the company's market value of equity is $11,937,000.

3. Price Dilution Crawford, Inc., has 155,000 shares of stock outstanding. Each share is worth $77, so the company's market value of equity is $11,937,000. Suppose the firm issues 30,000 new shares at...

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