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Cheers Co. acquired Central Perk Inc. at a bid price of $43.45 per share. Prior to the acquisition the share prices of Cheers Co. and

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Cheers Co. acquired Central Perk Inc. at a bid price of $43.45 per share. Prior to the acquisition the share prices of Cheers Co. and Central Perk Inc. were $60.45 and $32.45, respectively. How much is the merger premium paid by Cheers Co. to acquire Central Perk Inc.? 33.90% 0-28.12% 25.32% 52.39%

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