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An all-equity firm has 1000 shares outstanding and its stock price is currently $100. Suppose the manager of the company knows that the true value

An all-equity firm has 1000 shares outstanding and its stock price is currently $100. Suppose the manager of the company knows that the true value of the stock is $150. What is the true value of old shareholders if the firm issues 100 shares at market price and invests the proceeds in a zero NPV project

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