Business, 22.06.2021 22:40 pupucitomarron

Firm K is planning on merging with Firm L. Firm K currently has 5,500 shares of stock outstanding at a market price of $28 a share. Firm L has 500 shares outstanding at a price of $16 a share. The merger will create $600 of synergy. Firm K plans to offer a sufficient number of its shares to acquire Firm L at an acquisition cost of $8,200. How many total shares will be outstanding in the merged firm

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Firm K is planning on merging with Firm L. Firm K currently has 5,500 shares of stock outstanding at...