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Damron, Incorporated, has 2 5 0 , 0 0 0 shares of stock outstanding. Each share is worth ( $ 8 8

Damron, Incorporated, has 250,000 shares of stock outstanding. Each share is worth \(\$ 88\), so the company's market value of equity is \(\$ 22,000,000\). Suppose the firm issues 62,000 new shares at the following prices: \(\$ 88,\$ 82\), and \(\$ 76\). 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.)

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