Your company has earnings per share of $3 It has 1 million shares outstanding, each of which has a pnce of 542 You are thinking of buying TargetCo, which has eamings of $3 per share, 1 milion shares outstanding, and a price por share of $28 You will pay for TargotCo by issuing new shares There are no expected Synergies from the transaction Suppose you offered an exchange ratio such that, at current pre announcement share prices for both firms the offer represents a 15% premium to buy Targetco However, the actul premium that your company will pay for TargetCo when it completes the transaction will not be 15%, because on the announcement the target price will go up and your pnce will go down to reloct the fact that you are willing to pay a promum for TargetCo without any synergies Assume that the takeover will occur with certainty and all market participants know this on the announcement of the takeover ignore time value of money) a. What is the price per share of the combined corporation immediately after the merger is completed? b. What is the price of your company immediately after the announcement? c. What is the price of Targetco immediately after the announcement? d. What is the actual premium your company will pay? a. The price per share of the combined corporation immediately after the merger is completed will be (Round to the nearest cont)