Multiple Choice
The Peris Co. is planning on merging with the Thornton Co. Peris will pay Thornton's stockholders the current value of their stock in shares of Peris. Peris currently has 2,300 shares of stock outstanding at a market price of $20 a share. Thornton has 1,800 shares outstanding at a price of $15 a share. How many shares of stock will be outstanding in the merged firm?
A) 1,800 shares
B) 2,300 shares
C) 2,750 shares
D) 3,650 shares
E) 4,100 shares
Correct Answer:
Verified
Correct Answer:
Verified
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