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An NBA team was publicly traded, meaning that the team's shares were available to the public to buy and sell. On September 26, the closing

An NBA team was publicly traded, meaning that the team's shares were available to the public to buy and sell. On September 26, the closing price was $9.50 for one share of the team. On the next day, it was announced that the SPAD Group LLC would purchase a controlling interest in the team. The NYSE halted trading in the stock. Trading resumed nearly two weeks later, on October 9, at a price of $24.50. A few months later, on October 9, at a price of $24.50. A few months later, on December 31, the SPAD Group LLC was completed with a final price listed on the stock exchange of $27.00. What is the non-controlling price? What is the controlling price? Calculate the controlling interest premium.

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