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Your company's EPS is $4. It has 1.5 million shares outstanding. You propose to acquire TargetCo with a share offer. The target company has an

Your company's EPS is $4. It has 1.5 million shares outstanding. You propose to acquire TargetCo with a share offer. The target company has an EPS of $3 and 2 million shares outstanding. If the exchange ratio is 2, what is the EPS for the new company?

Select one:

a.$1.92

b.$1.60

c.$1.43

d.$2.00

e.$2.18

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