The market value of the research firm Fax Facts is $600 million. The firm issues an additional

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The market value of the research firm Fax Facts is $600 million. The firm issues an additional $100 million of stock, but as a result the stock price falls by 2%. What is the cost of the price drop to existing shareholders as a fraction of the funds raised? Present your answer as a percentage.

Posted Date: May 19, 2024 11:16 AM

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The market value of the research firm Fax Facts is $600 million. The firm issues an additional

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