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## Statistics

A company recently had 26 million shares outstanding trading at \$45/share. The company announces its intention to raise \$290M by selling new shares.

What price shoukd the company expect its existing shares shares to sell immediately after the announcement? (I'm not supposed to round intermediate calculations, but round my answer to 2 decimal places)

Statistics and Probability, Statistics

• Category:- Statistics and Probability
• Reference No.:- M93119094
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