Expected Price. Nelson Corporation issues 200,000 new shares of common stock to current stockholders at a $15 price per share. The price per share before the issue was $18. At present, there are...

Expected Price. Nelson Corporation issues 200,000 new shares of common stock to current stockholders at a $15 price per share. The price per share before the issue was $18. At present, there are 300,000 shares outstanding. What is the expected price per share after the new issue?