Multiple Choice
Moore Industries has agreed to be acquired by Scott Enterprises for $22,000 worth of Scott Enterprises stock.Scott Enterprises currently has 7,500 shares of stock outstanding at a price of $28 a share.Moore Industries has 1,800 shares outstanding at a price of $12 a share.The incremental value of the acquisition is $1,100.What is the value per share of Scott Enterprises stock after the acquisition?
A) $27.52
B) $27.96
C) $28.08
D) $28.47
E) $31.03
Correct Answer:
Verified
Correct Answer:
Verified
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