Maxwell Corporation is coming to the market with a new offering of 3000,000 shares of stock at $25 to the public. Maxwell will receive $22 per share. The firm has 1 million shares outstanding and earnings of $6 million. What is the amount of dilution in earnings per share?
$2.00
$1.38
$1.77
Maxwell Corporation is coming to the market with a new offering of 3000,000
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