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Shuster merges with Leveren. Shuster agrees to exchange 25 of its shares for every 50 of Leverne's old shares, so that Shuster will have 75

Shuster merges with Leveren. Shuster agrees to exchange 25 of its shares for every 50 of Leverne's old shares, so that Shuster will have 75 shares available after the merger. There is no synergy. Calculate the EPS along with other information below for the combined firm in two cases; one where the market is smart, and another when the market is fooled

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