6. The Los Angeles Consolidated Banking Corporation (LACBC) has proposed acquiring San Diego Ranch Financing, Inc. (SDRF) in a stock-swap acquisition. The proposed deal contains a collar. This is the way that the collar works: the exchange ratio is fixed at 0.45 as long as LACBC's stock price is between S20 and $30 when the acquisition is completed. If LACBC's stock price is below S20 when the acquisition is completed, then the exchange ratio changes to provide target shareholders with S9 worth of acquirer stock per target share. And if LACBC's stock price is above $30 when the acquisition is completed, then the exchange ratio changes to provide target shareholders with $13.50 worth of acquirer stock per target share. What is the exchange ratio (rounded to two decimal places) in this merger for each of the following acquirer share prices at closing: $17. S25, and $33(0.53, 0.45, 0.41)