Damron, Incorporated, has 2 4 6 , 0 0 0 shares of stock outstanding. Each share is

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Question:

Damron, Incorporated, has

246, 000

shares of stock outstanding. Each share is worth $

47,

so the company

s market value of equity is $

11, 562, 000 .

Suppose the firm issues

40, 000

new shares at the following prices: $

47,

44,

and $

39 .

What will the effect be of each of these alternative offering prices on the existing price per share?

Posted Date: May 18, 2024 11:13 PM

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Damron, Incorporated, has 2 4 6 , 0 0 0 shares of stock outstanding. Each share is

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