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Big Corp is planning to fuly acquire 8 mall Corp. Big Corp currenty has 10 millon shares outstanding with a share price of $50 and

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Big Corp is planning to fuly acquire 8 mall Corp. Big Corp currenty has 10 millon shares outstanding with a share price of $50 and fotal outstanding debt of $100 million (no excess cash). Smait Corp currency has 5 million shares outstanding with a shave price of $30 and total outstanding debt of $50 milion (no excess cash). Big Corp plans to conduct a Biended offer. Specticaly, it plars to offer $15 in eash and for 0.4 new shares in Big Corp for each share in Small Corp. Big Corp will assume all outstanding debt of $ mall Corp and wil finance the cash sart of the offer by taking out a new bank loan, Synergies from the transaction ave expected to be sion milion. Calculate the new share price of Big Corp afer the acquisition Round your result to two decimals (do not include the s-symbol in your answer)

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