Delisha Berhad is planning to acquire Zahra Berhad. The exchange will be based on the current market price per share of the two companies. Under Delisha Berhad balance sheet, the price earning ratio (PER) and earning per share (EPS) is 4 times and RM3.00. While Zahra Berhad PER and EPS is 3 times and RM2.00.

1. Calculate market price per share (MPS) for both acquired and surviving companies.

2. From market price per share (MPS) values in question 1, calculate share exchange ratio (SER).

3. Share exchange ratio (SER) from acquiring process is 0.5 times, common stock of acquired company is RM13,000,000, and par values at RM2.00. Calculate the new number of share (NOS).