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Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay a 34% 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 34% premium over Thor's premerger price. If Thor's premerger price per share was $39 and Loki's was $48, what exchange ratio will Loki need to offer?

The ratio should be ________ (round to two decimal places) shares of Loki for every share of Thor.

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