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Pepper & Mint Company has 6 , 3 5 0 , 0 0 0 shares of stock outstanding, currently selling at $ 5 7 /

Pepper & Mint Company has 6,350,000shares of stock outstanding, currently selling at $57/share.If an hostile group acquires 25%of the shares, existing stockholders will be able to buy new shares at 33%below the current stock price.
a.Calculate the trigger quantity of shares to activate the poison pill.
b.How much will the existing stockholders pay for each new share?

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