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JLM has 7,400 shares of stock outstanding at a market price per share of $18. Hi-Tek has 36,000 shares outstanding that sell for $45 a

JLM has 7,400 shares of stock outstanding at a market price per share of $18. Hi-Tek has 36,000 shares outstanding that sell for $45 a share. By merging, $5,000 of synergy can be created. Hi-Tek is acquiring JLM for $135,000 worth of Hi-Tek stock. What is the postmerger value per share? Multiple Choice $44.92 $45.00 $44.83 $45.08 $46.57

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