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Arm Technologies has offered to purchase Hammer Group by exchanging one share of Arm for 4 shares of Hammer. Arm is currently trading at $77

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Arm Technologies has offered to purchase Hammer Group by exchanging one share of Arm for 4 shares of Hammer. Arm is currently trading at $77 per share and Hammer is currently seling for $18 per share. What is the potential arbitrage profit per share of Arm Technologies? Arbitrage profit

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