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Crawford, Inc., has 105,000 shares of stock outstanding. Each share is worth $72, so the company's market value of equity is $7,560,000. Suppose the firm
Crawford, Inc., has 105,000 shares of stock outstanding. Each share is worth $72, so the company's market value of equity is $7,560,000. Suppose the firm issues 20,000 new shares at the following prices: $72, $69, and $64. What will the effect be of each of these alternative offering prices on the existing price per share? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Leave no cells blank; if there is no effect select "No change" from the dropdown and enter "O".) Price Ex Rights Effect Amount a. No change per share $72 $69 $64 per share per share
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