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Rudys, Inc. and Blackstone, Inc. are all-equity firms. Rudys has 1,500 shares outstanding at a market price of $22 a share. Blackstone has 2,500 shares

Rudys, Inc. and Blackstone, Inc. are all-equity firms. Rudys has 1,500 shares outstanding at a market price of $22 a share. Blackstone has 2,500 shares outstanding at a price of $38 a share. Blackstone is acquiring Rudys for $36,000 in cash. What is the merger premium per share?

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