On the date the parties determined PUb common stock had a price of 17.95 per share. On the same day M&T common stock had a price of 157.23 per share. PUB stockholders will turn in their stock and will receive M&T stock in exchange. The exchange rate is PUB stockholders will receive 0.118 shares of M&T stock for every PUB share. Show the calculation for how 0.118 shares is determined.