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On June 30, 20X1, Company A. announced the acquisition of Company B. for $72.00 per share. On June 29, 20X1, the stock price of the

On June 30, 20X1, Company A. announced the acquisition of Company B. for $72.00 per share. On June 29, 20X1, the stock price of the Company B. closed at $66.00. Rumors of a potential transaction involving Company B. began circulating after the markets closed on June 24, 20X1, a day when the stock price closed at $56.00 per share.

What is the premium paid in the transaction based on the unaffected share price?

a.28.6%

b.9.1%

c.17.9%

d.8.3%

e.22.2%

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