Question 5 (1 point) Gerrards has a market value of 450,000,000 and 30,000,000 shares outstanding. Lotus has a market value of 150,000,000 and 15 million shares outstanding. Gerrards is deciding on whether to make a bid for Lotus. Gerrards estimates the combined firm with synergies would be worth 700,000,000. A premium of 25,000,000 is expected to buy Lotus. If Gerrards offers 14 million of its shares for the 15 million outstanding of lotus what is Gerrards stock price post-acquisition? 16.11 15.91 15.55 13.33 13.64