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OnlineEduc has an EPS of 3, with 14 million shares outstanding. It is thinking of acquiring ClassRoom that has an EPS of 2, with 2

OnlineEduc has an EPS of 3, with 14 million shares outstanding. It is thinking of acquiring ClassRoom that has an EPS of 2, with 2 million shares outstanding. Assume that OnlineEduc needs to issue 890,000 stocks to buy ClassRoom. What would be the earnings per share (EPS) after the deal?

Select one: a. 2.72 b. 3.29 c. 15.92 d. 3.09

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