Chicago Savings Corporation is planning to make an offer for Ernie's Bank \& Trust. The stock of Ernie's Bank \& Trust is currently selling for $55 a share. a. If the tender offer is planned at a premium of 40 percent over market price, what will be the value offered per share for Ernie' Bank \& Trust? Note: Do not round intermediate calculations and round your answer to the nearest whole dollar. b. Suppose before the offer is actually announced, the stock price of Emie's Bank & Trust goes to $68 because of strong merger rumors. If you buy the stock at that price and the merger goes through (at the price computed in part a), what will be your percentage gain? Note: Do not round intermediate calculations. Input the amount as a positive percent value rounded to 2 decimal places