Question
Company ABC purchased company XYZ with shares. ABC paid 500,000$ or 32$ per share. ABC share costs 152$ per share. 1)Calculate the fraction of ABC
Company ABC purchased company XYZ with shares. ABC paid 500,000$ or 32$ per share. ABC share costs 152$ per share.
1)Calculate the fraction of ABC shares would XYZ shareholders receive
2) New price of the ABC share is 252, calculate new fractional share for XYZ.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Linear Algebra A Modern Introduction
Authors: David Poole
3rd edition
978-0538735452
