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please check work ABC is acquiring DEF in an all stock deal. The deal is subject to a collar such that DEF shareholders will receive
please check work
ABC is acquiring DEF in an all stock deal. The deal is subject to a collar such that DEF shareholders will receive 1.5 shares of ABC if ABC 's average stock price is below $44 at closing, and 1.26923 shares of ABC if ABC 's average stock price is above $52 at closing. If ABC 's average stock price at closing is $56. how many shares of ABC stock will one share of DEF receive Step by Step Solution
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