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On 1 August 2020 Petra purchased 22.5 million of the 30 million 1 equity shares of Sony. The acquisition was through a share exchange

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On 1 August 2020 Petra purchased 22.5 million of the 30 million 1 equity shares of Sony. The acquisition was through a share exchange of two shares in Petra for every three shares in Sony. The market price of a share in Petra at 1 August 2020 was 5.75. Petra will also pay in cash on 31 July 2022 (two years after acquisition) 2.42 per acquired share of Sony. Petra's cost of capital is 10% per annum DF 0.826. What is the amount of the consideration attributable to Petra for the acquisition of Sony? The amount of consideration attributable to Petra for the acquisition of Sony is calculated as total of shares Blank 1 and deferred cash Blank 2. Blank 1 Add your answer Blank 2 Add your answer

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