Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay
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Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay a 20% premium over Thor’s premerger price. If Thor’s premerger price per share was $42 and Loki’s was $46, what exchange ratio will Loki need to offer?
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