On October 20, 2020, Avangrid, Inc. (NYSE:AGR) entered into an agreement to acquire PNM Resources, Inc. (NYSE:PNM) for approximately $4 billion. Under the terms of the agreement, PNM Resources shareholders will receive $50.30 in cash for each share of PNM Resources common stock. Suppose that you bought PNM Resources common stock on March 20, 2020 for $29.93 per share and that you are in the 35% tax bracket. What will be your per- share after-tax proceeds? $32.70 other $50.30 $13.24 $43.17 $29.93