=+LG 3 E18–4 SoftBank Group’s stock is currently trading at a price of ¥9,249 per share. The company is considering the acquisition of Vodafone Japan, whose stock is currently trading at

¥2,200 per share. The transaction would require SoftBank to swap its shares for those of Vodafone Japan, which would be paid at ¥5,000 per share. Calculate the ratio of exchange and the ratio of exchange in market price for this transaction.