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Macchiato Ltd had 700,000 shares at the end of 2015. On January 23, 2016 it issued an additional 250,000 shares to the market at the

Macchiato Ltd had 700,000 shares at the end of 2015. On January 23, 2016 it issued an additional 250,000 shares to the market at the market price of $42 per share. Assess the effect of this share issue on the price per share of the firm.

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