FINA 6341 fall 2017: fall 2017 A Hunter Casselberry FINANCE chap 20 hw instructions I help Question 3 (of 5) | save & Exit 11 submit 3 10.00 points The Newton Company has 110,000 shares of stock that each sell for $55. Suppose the company issues 7,000 shares of new stock at the following prices: $55, S40, and $35 at is the effect of each of the 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.) Share price N:xv : hares.al iti New shares at $40 References Book & Resources Difficulty: 1 Basic Section: 20 02 The Public Issue