The Newton Company has 120,000 shares of stock that each sellfor $65. Suppose the company issues 9,000 shares of new stock atthe following prices: $65, $50, and $45.
What is the effect of each of the alternative offering prices onthe existing price per share? (Do not round intermediatecalculations and round your answers to 2 decimal places, e.g.,32.16.)
New shares at $65 $?
New shares at $50 $?
New shares at $45 $?
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