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PLEASE SOLVE IT IN 20 MINUTES THANKS! Question 3. (10 marks) Value Co (Value) has 15 million shares outstanding, which trade at $20 per share.

PLEASE SOLVE IT IN 20 MINUTES THANKS!image text in transcribed

Question 3. (10 marks) Value Co (Value) has 15 million shares outstanding, which trade at $20 per share. Value is in a liquidity crisis and issues 2 million shares at $12 per share to a group of hedge funds. What is the total loss incurred by pre-existing shareholders as a result of this share issue

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