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A companys Book Value is $100 million, with 2 million shares outstanding. Its market value is 20% above book value. Suppose the company issues 100

A companys Book Value is $100 million, with 2 million shares outstanding.

Its market value is 20% above book value.

Suppose the company issues 100 thousand additional shares, which required a decline in price per-share of 8%.

Calculate:

Q. New book value per-share

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