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b. Suppose that Typo decides to spinoff and to sell shares in the new separate financial services company, called BIT Finance, to the public.

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b. Suppose that Typo decides to spinoff and to sell shares in the new separate financial services company, called "BIT Finance", to the public. i. If new shareholders think that the spinoff decision could have been chosen by management in both states, what percentage of "BIT Finance" has to be sold to raise $15billions? ii. What is the value of the shares kept by old shareholders in both states?

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