Bookmud is a media and publishing company located in California. It has $10$ million shares outstanding, with a share price of $$20$ and earnings per share of $$2.$ To extend its business to Texas, Bockmud is considering acquiring Dailyprint. Dailyprint has $4$ million shares outstanding, with a share price of $$15$ and earnings per share of $$1\mathrm{.}25.$ Bookmud will pay for Dailyprint by issuing new shares. Bockmud does not expect this transaction to bring synergies. Suppose Bookmud uses the exchange ratio such that. at current pre$-$announcement share prices for both firms, the offer represents a $20\%$ premium to buy Dailyprint. Immediately after the announcement of this transaction, the price per share of Dailyprint will be closest to:

Select one:

$$ a$.$ $$18\mathrm{.}60$

$$ b$.$ $$19\mathrm{.}10$

O c$.$ $$15\mathrm{.}00$

O d$.$ $$17\mathrm{.}20$