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value 10.00 points Problem 15-8 Price Dilution [LO3] Cye, Inc., has 135,000 shares of stock outstanding. Each share is worth $71, so the company's market

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value 10.00 points Problem 15-8 Price Dilution [LO3] Cye, Inc., has 135,000 shares of stock outstanding. Each share is worth $71, so the company's market value of equity is $9,585,000. Suppose the firm issues 15,000 new shares at the following prices: $71, $68, and $63. 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 $71 (Cick to select) per share per share per share b. $68 (Click to select) C. $63

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