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Nemesis, Inc., has 230,000 shares of stock outstanding. Each share is worth $84, so the company's market value of equity is $19,320,000. Suppose the firm

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Nemesis, Inc., has 230,000 shares of stock outstanding. Each share is worth $84, so the company's market value of equity is $19,320,000. Suppose the firm issues 54,000 new shares at the following prices: $84. $78, and $72. 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 "O". Round your answers to 2 decimal places, e.g., 32.16.) 09 Answer is not complete. IS POP Price Ex-Rights $ 84.00 $ 78.00 $ 72.00 Effect No change Price drops by Price drops by Amount B4 per share 82.86 per share 81.72 per share $ $

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