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The Chen Company has 9 5 , 0 0 0 shares of stock that each sell for $ 4 0 . Suppose the company issues

The Chen Company has 95,000 shares of stock that each sell for $40. Suppose the company issues 9,500 shares of new stock at the following prices: $40, $20, and $10. 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.)

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