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Rudy's and Blackstone are fully owned companies. Rudy has 1200 outstanding shares at a market price of $36. Blackstone has 2500 outstanding shares at $38

Rudy's and Blackstone are fully owned companies. Rudy has 1200 outstanding shares at a market price of $36. Blackstone has 2500 outstanding shares at $38 per share. Blackstone buys Rudy's for $48,000 in cash. What is the merger premium per share?

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