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Amy currently owns 15 per cent of Aloft Ltd. The company has a total of 125 000 shares outstanding with a current market price of

Amy currently owns 15 per cent of Aloft Ltd. The company has a total of 125 000 shares outstanding with a current market price of R20 a share. At present, the firm is offering an additional 12 500 shares at a price of R17,50 a share. Amy decides not to participate in this offering. What will Amy's ownership position be after the offering is completed

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