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Your company has eamings per share of $6. It has 1 milion shares outstanding, each of which has a price of $24. You are thinking

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Your company has eamings per share of $6. It has 1 milion shares outstanding, each of which has a price of $24. You are thinking of buying TargetCo, which has eamings per share of $3,1 milition shares outstanding, and a price per share of $18. You will pay for TargetCo by issuing new shares. There are no expected synergle from the transaction. Complete parts a through d below. a. If you pay no premium to buy TargetCo, what will your earnings per share be after the merger? Your new earnings per share will be ? (Round to the nearest cent)

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