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Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay a 23% premium over Thor's premerger price. If

Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay a 23% premium over Thor's premerger price. If Thor's premerger price per share was \$37 and Loki's was \$53, what exchange ratio will Loki need to offer? The ratio should be shares of Loki for every share of Thor. (Round to two decimal places.)

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