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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

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?

Jun 14 2021 View more View Less

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