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Louisiana Timber Company currently has 6 million shares of stock outstanding and will report earnings of $6.65 million in the current year. The company is

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Louisiana Timber Company currently has 6 million shares of stock outstanding and will report earnings of $6.65 million in the current year. The company is considering the issuance of 1 million additional shares that will net $30 per share to the corporation a. What is the immediate dilution potential for this new stock issue? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dilution per share

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