Question: Canterbury Inc has 175 000 shares of stock outstanding Each share
Canterbury, Inc., has 175,000 shares of stock outstanding. Each share is worth $68, so the company’s market value of equity is $11,900,000. Suppose the firm issues 30,000 new shares at the following prices: $68, $65, and $60. What will the effect be of each of these alternative offering prices on the existing price per share?
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