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Assume the following financial data for Rembrandt Paint Co . and Picasso Art Supplies: If all the shares of Rembrandt Paint Co . are exchanged

Assume the following financial data for Rembrandt Paint Co. and Picasso Art Supplies:
If all the shares of Rembrandt Paint Co. are exchanged for those of Picasso Art Supplies on a share-for-share basis, what will
postmerger earnings per share be for Picasso Art Supplies? (Do not round intermediate calculations. Round your answer to 2
decimal places.)
Postmerger earnings per share
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