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Firm X is going to acquire Firm Y. The acquisition will be done via a share exchange, whereby Firm X will exchange 2.25 of its

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Firm X is going to acquire Firm Y. The acquisition will be done via a share exchange, whereby Firm X will exchange 2.25 of its shares for every one of Firm Y's shares. Synergy is $3,450,000 in total. Firm X has 300,000 shares outstanding trading at $56 each. Firm Y has 60,000 shares outstanding trading at $75 each. What is the takeover premium in dollars? (Tip: round the share price of the combined firm to two decimal places in calculating your answer.) A) $3,450,000 B) $2,110,345 C) $3,181,500 ompa D) $3,060,000 ertific E) $135,000

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