The Chocolate Ice Cream Company and the Vanilla Ice Cream Company have agreed to merge and form Fudge Swirl Consolidated. Both companies are exactly alike except that they are located in different towns. The end-of-period value of each firm is determined by the weather, as shown below. There will be no synergy to the merger. Probability State Rainy Warm Hot Value $ 450,000 630,000 1,175,000 The weather conditions in each town are independent of those in the other. Furthermore, each company has an outstanding debt claim of $630,000. Assume that no premiums are paid in the merger. a. What are the possible values of the combined company? (Do not round Intermediate calculations.) Joint Value Possible states Rain-Rain Rain-Warm Rain-Hot Warm-Warm Warm-Hot Hot Hot b. What are the possible values of end-of-perlod debt and stock after the merger? (Leave no cells blank - be certain to enter "0" wherever required. Do not round Intermediate calculations.) Debt Value Stock Value $ Rain-Rain Rain-Warm Rain-Hot Warn-Warm Wars-Hot Hot-Hot C. How much do stockholders and bondholders each gain or lose if the merger is undertaken? (A negative answer should be Indicated by a minus sign. Do not round intermediate calculations.) $ Bondholder gain/loss Stockholder gain/loss