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Apex Corporation is considering the purchase of Pinnacle company in a stock-for-stock exchange. Selected data on the two companies are shown in the following table:

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Apex Corporation is considering the purchase of Pinnacle company in a stock-for-stock exchange. Selected data on the two companies are shown in the following table: Assume that there are immediate synergistic benefits of $2 million if Apex and Pinnacle merge. Determine EPS for the combined company if Apex offers a (Round your answers to three dedimal places): a. 20 percent premium for Pinnade $ b. 30 percent premium for Pinnade 5 c. 40 percent premium for Pianacle 5

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