題組內容

5.Consider the following premerger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms have no debt outstanding.
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Firm B Firm T Share outstanding 5,300 1.200 Price per share $44 $16 Firm B has estimated that the value of the synergistic benefits from acquiring Firm T is $9,300.

(4) Suppose Firm T is agreeable to a merger by an exchange of stock. If B offers one of its shares for every two of T's shares, what will the price per share of the merged firm be?(3 分)