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The Newton Company has 90,000 shares of stock that each sell for $80. Suppose the company issues 8,500 shares of new stock at the following

The Newton Company has 90,000 shares of stock that each sell for $80. Suppose the company issues 8,500 shares of new stock at the following prices: $80, $60, and $50.

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.)

Share price
New shares at $80 $
New shares at $60 $
New shares at $50 $

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