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Portman has 1,000,000 shares outstanding, and Judy Davis, an investor, holds15,000 shares at the current price. Suppose Portman is considering issuing 125,000 new shares at

Portman has 1,000,000 shares outstanding, and Judy Davis, an investor, holds15,000 shares at the current price. Suppose Portman is considering issuing 125,000 new shares at a price of $19.48 per share. If the new shares are sold to outside investors, by how much will Judys investment in Portman Industries be diluted on a per-share basis?

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