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

A companys Book Value is $100 million, with 2 million shares outstanding. Its market value is 20% above book value. 2 points each Suppose the company issues 100 thousand additional shares, which required a decline in price per-share of 8%. Calculate: Q New book value Please show your calculation process to get partial credits.

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