FINA 6341 fall 2017: fall 2017 A Hunter Casselberry FINANCE chap 20 hw instructi

Question

FINA 6341 fall 2017: fall 2017 A Hunter Casselberry FINANCE chap 20 hw instructions I help Question 3 (of 5) | save & Exit 11 submit 3· 10.00 points The Newton Company has 110,000 shares of stock that each sell for $55. Suppose the company issues 7,000 shares of new stock at the following prices: $55, S40, and $35 at is the effect of each of the alternative offering prices on the existing price per share? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Share price N:xv : hares.al iti New shares at $40 References Book & Resources Difficulty: 1 Basic Section: 20 02 The Public Issue

Explanation / Answer

Share price New share at $55 $        55.00 (110000*55+7000*55)/(110000+7000) New share at $40 $        40.90 (110000*40+7000*55)/(110000+7000) New share at $35 $        36.20 (110000*35+7000*55)/(110000+7000)

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