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Crawford, Inc., has 135,000 shares of stock outstanding. Each share is worth $71, so the company's market value of equity is $9.585,000. Suppose the firm
Crawford, Inc., has 135,000 shares of stock outstanding. Each share is worth $71, so the company's market value of equity is $9.585,000. Suppose the firm Issues 15,000 new shares at the following prices: $71, $68, and $63. 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 per share $71 $68 $63 per share per share
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