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Acquiring Corporation is considering a takeover of Takeover Target Incorporated. Acquiring has 28 million shares outstanding, which sell for $25 each. Takeover Target has

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Acquiring Corporation is considering a takeover of Takeover Target Incorporated. Acquiring has 28 million shares outstanding, which sell for $25 each. Takeover Target has 14 million shares outstanding, which sell for $13 each. If the merger gains are estimated at $42 million, what is the highest price per share that Acquiring should be willing to pay to Takeover Target shareholders? Highest price per share

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