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data in second pic :) terms Cleveland Corporation is interested in acquiring Lewis Tool Company by swapping 0.44 share of its stock for each share
data in second pic :) terms Cleveland Corporation is interested in acquiring Lewis Tool Company by swapping 0.44 share of its stock for each share of Lewis stock Cleveland has sufficient authorized but unissued shares to carry out the proposed Certain financial data on these companies are given in the following table. BB merger a. How many new shares of stock will Cleveland have to issue to make the proposed merger? b. If the earnings for each c. How much, effectively, has been lost for each of the original shares of Lewis stock? d. How much, effectively, has been earned on behalf of each of the original shares of Cleveland Corporation's stock? firm remain unchanged, what will the postmerger eamings per share be? a. The number of new shares of stock Cleveland will have to issue to make the proposed merger is shares. (Round to the nearest whole number.) b. If the earnings for each firm remain unchanged, the post-merger earnings per share will be s (Round to the nearest cent) c. The amount, effectively, that has been lost for each of the original shares of Lewis stock is S[ (Round to the nearest cent ) d. The amount effectively, that has been earned on behalf of each of the original shares of Cleveland Corporation's stock is (Round to the nearest cent)
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