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The Chen Company has 140,000 shares of stock that each sell for $35. Suppose the company issues 8,500 shares of new stock at the following
The Chen Company has 140,000 shares of stock that each sell for $35. Suppose the company issues 8,500 shares of new stock at the following prices: $35, $20, and $15. 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 $35=
New shares at $20=
New shares at $15=
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