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A shareholder who owns 7 7 shares just received stock options to participate in share capital increase with terms 1 new for every 1 0

A shareholder who owns 77 shares just received stock options to participate in share capital increase with terms 1 new for every 10 old shares at 12 per share. The shareholder wishes to buy 8 new shares. The company has 180000 shares and wishes to get 1200000 from capital increase, while the current stock price is 19. There are no commissions. Calculate the amount the shareholder should pay to buy 8 stocks

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