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Business, 22.03.2021 16:40 samavants74

Portman has 800,000 shares outstanding, and Judy Davis, an investor, holds 12,000 shares at the current price (computed above). Suppose Portman is considering issuing 100,000 new shares at a price of $17.14 per share. If the new shares are sold to outside investors, by how much will Judy’s investment in Portman Industries be diluted on a per-share basis?

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