Question: Please help me solve this problem please help me solve this problem, Nemesis, Inc., has 120,000 shares of stock outstanding. Each share is worth $69,

Please help me solve this problem please help me solve this

Please help me solve this problem please help me solve this problem,

problem, Nemesis, Inc., has 120,000 shares of stock outstanding. Each share is

Nemesis, Inc., has 120,000 shares of stock outstanding. Each share is worth $69, so the company's market value of equity is $8,280,000. Suppose the firm issues 21,000 new shares at the following prices: $69, $66, 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.) X Answer is complete but not entirely correct. Price Ex-Rights Effect Amount a. $ 69 69.00 V No change $ OV per share b. $ 66 $ 68.55 Price drops by $ 0.45 per share C. $61 $ 67.81 V Price drops by $ 394. 14 X per share

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