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Firm X is being acquired by Firm Y for 600 shares of Firm Y (Firm Y issues 600 new shares to Fum Xs shareholders). The

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Firm X is being acquired by Firm Y for 600 shares of Firm Y (Firm Y issues 600 new shares to Fum Xs shareholders). The incremental value (the synergy) of the acquisition is $3,000. Firm X has 1,000 shares of stock outstanding at a price of $10 a share. Firm Y has 1,000 shares of stock outstanding at a phce of $20 o share (before issuing 600 new shares to Firm X). What is the stock price of Firm Y after the twergen? $20.13 $19.77 $20.63 $21.56

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