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Ash Equipment is planning acquiring Oliver Machinery. Ash Equipment will pay Oliver's shareholders the current value of their equity in shares of Ash Equipment. Ash

  1. Ash Equipment is planning acquiring Oliver Machinery. Ash Equipment will pay Oliver's shareholders the current value of their equity in shares of Ash Equipment. Ash Equipment currently has 4,600 shares of equity outstanding at a market price of 31 a share. Oliver Machinery has 1,600 shares outstanding at a price of 38 a share. What is the value per share of the combined firm?

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