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Problem 20-9 Stock Offerings The Heath Company has 75,000 shares of stock that each sell for $65. Suppose the company issues 10,000 shares of new

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Problem 20-9 Stock Offerings The Heath Company has 75,000 shares of stock that each sell for $65. Suppose the company issues 10,000 shares of new stock at the following prices: $65, $45, and $35. What is the effect of each of the alternative offering prices on the existing price per share? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) New shares at $65 New shares at $45 New shares at $35

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