Question: Damron, Incorporated, has 1 7 5 , 0 0 0 shares of stock outstanding. Each share is worth $ 7 3 , so the company's

Damron, Incorporated, has 175,000 shares of stock outstanding. Each share is worth $73, so the company's market value of equity is $12,775,000. Suppose the firm issues 32,000 new shares at the following prices: $73, $67, and $61. 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 "0". Round your answers to 2 decimal places, e.g.,32.16.)ntPrice Ex-RightsEffectAmounta. $73per shareb. $67per sharec. $61per share

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