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Firm C is planning to pay $45 per share to acquire Firm D. Firm C has 30,000 shares outstanding and a stock price of $40.

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Firm C is planning to pay $45 per share to acquire Firm D. Firm C has 30,000 shares outstanding and a stock price of $40. Firm D has 15,000 shares outstanding and a stock price of $42. Both are all-equity firms. The total value of synergy from this merger is $95,000. What will be the stock price of the combined firm after the merger? Round your answer to two decimals. Enter your answer with no commas, spaces, or dollar signs

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