Firm a Is Acquiring Firm B for $69,000 in Cash

Multiple Choice

Firm A is acquiring Firm B for $69,000 in cash. Firm A has 4,300 shares of stock outstanding at a market value of $32 a share. Firm B has 2,100 shares of stock outstanding at a market price of $32 a share. Neither firm has any debt. The incremental value of the acquisition is $2,200. What is the price per share of Firm A's stock after the acquisition?

A) $31.98
B) $31.45
C) $32.09
D) $32.16
E) $32.33