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The market value of the research firm Fax Facts is $950 million. The firm issues an additional $100 million of stock, but as a result

image text in transcribed The market value of the research firm Fax Facts is $950 million. The firm issues an additional $100 million of stock, but as a result the stock price falls by 2%. What is the cost of the price drop to existing shareholders as a fraction of the funds raised? Note: Enter your answer as a whole percent

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