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Question 23 (3 points) Consider the following premerger information about two firms. Firm A is the acquiring firm and Firm B is the target firm.

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Question 23 (3 points) Consider the following premerger information about two firms. Firm A is the acquiring firm and Firm B is the target firm. Assume that both firms have no debt outstanding. The synergistic benefits from acquiring Firm B is $7,000 if Firm A acquires Firm B. Item Firm A Firm B Shares outstanding 2,200 800 Price per share $43 S23 What will the price per share of the merged firm be if Firm Bis agrees to a merger by an exchange of stock where Firm A pays I of its shares for every 2 of Firm B's shares? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point. Your

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