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Mona's Boutique has 2,100 shares outstanding at a market price per share of $26. Kyle's has 3,000 shares outstanding at a market price of $41

Mona's Boutique has 2,100 shares outstanding at a market price per share of $26. Kyle's has 3,000 shares outstanding at a market price of $41 a share. Neither firm has any debt. Kyle's is acquiring Mona's for $58,400 in cash. What is the merger premium per share?

A.$1.43

B.$1.62

C.$1.81

D.$2.04

E.$2.07

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