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The Prad Corporation is considering a merger with the Stone Company which has 400,000 outstanding shares selling for $25. An investment banker has advised that
The Prad Corporation is considering a merger with the Stone Company which has 400,000 outstanding shares selling for $25. An investment banker has advised that to succeed in its merger Prad Corporation would have to offer $45 per share for Stones's stock. Prad Corporation stock is selling for $30. How many shares of Prad Corporation stock would have to be exchanged to acquire all of the Stones's stock
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