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Portman has 5 0 0 , 0 0 0 shares outstanding, and Judy Davis, an investor, holds 7 , 5 0 0 shares at the
Portman has shares outstanding, and Judy Davis, an investor, holds shares at the current price computed above Suppose Portman is considering issuing new shares at a price of $ per share. If the new shares are sold to outside investors, by how much will Judys investment in Portman Industries be diluted on a pershare basis?
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