S15-08 Price Dilution [LO3] Nemesis, Inc., has 165,000 shares of stock outstanding. Each share is worth $77, so the company's market value of equity is $12,705,000. Suppose the firm issues 30,000 new shares at the following prices: $77, $73, and $65. 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.) Price Ex Rights Effect Amount a. b. C. $65 $77 $73 per share per share per share