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Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay a 2 3 % premium over Thor's premerger

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. Thor's premerger price per share was $38.00 and Loki's was $55.00, what exchange ratio will Loki need to offer? The ratio should be ____shares of Lokifor every share of Thor(Round to two decimal places.)

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