(Answered) Question - cye inc has 100000 shares of stock outstanding

Accounting

Question - Cye, Inc., has 100,000 shares of stock outstanding. Each share is worth $27, so the company's market value of equity is $2,700,000. Suppose the firm issues 23,000 new shares at the following prices: $58, $55, and $50.

What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share?

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