BAD Company's stock price is $20, and it has 2.0 million shares outstanding. You believe that if you buy the company and replace its management, its value will increase by 40%.Assume that BAD has a poison pill with a 20% trigger. If triggered, all target shareholderslong dashother than the acquirerlong dashwill be able to buy one new share in BAD for each share they own at a 50% discount. Assume that the price remains at $20 while you are acquiring your shares. If BAD's management decides to resist your buyout attempt, and you cross the 20% threshold of ownership:

a. How many new shares will be issued and at whatprice?

Number of new shares issued is ______. (Round to the nearestinteger.)

The shares will be issued at $__________ per share.(Round to the nearestcent.)

b. What will happen to your percentage ownership of BADCo.?

The percentage ownership will be ________%. (Round to two decimalplaces.)

c. What will happen to the price of your shares of BADCo.?

The new stock price will be $_______. (Round to two decimalplaces.)

d. Do you lose or gain from triggering the poisonpill?

The gain(loss) is $________. (Round to the nearestdollar, positive ifgain, negative ifloss, zero ifneither.)

If youlose, where does the loss go(who benefits)? If yougain, where does the gain come from(who loses)?

Every other shareholder in the target firm gains $______ per share.(Round to the nearestcent.)