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Item3

Associated Breweries is planning to market alcohol-free beer. To finance the venture, it proposes to make a rights issue at $13 of one new share for each four shares held. (The company currently has outstanding 120,000 shares priced at $24 a share.) Assuming that the new money is invested to earn a fair return, give values for the following: (For requirement e, do not round intermediate calculations. Round your answers to 2 decimal places.)