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Damron, Incorporated, has 2 0 5 , 0 0 0 shares of stock outstanding. Each share is worth $ 7 9 , so the company's

Damron, Incorporated, has 205,000 shares of stock outstanding. Each share is worth $79, so the company's market value of equity is $16,195,000. Suppose the firm issues 44,000 new shares at the following prices: $79,$73, and $67. What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share? (Leave no cells blank; if there is no effect select "No change" from the dropdown and enter "0". Round your answers to 2 decimal places, e.g.,32.16.)
\table[[,Price Ex-Rights,Effect,Amount],[a. $79,79.00,No change,,$,per share],[b. $73,,xps by,,,per share],[c. $67,2 decimal places re,equired. ps by,grad,,per share]]
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