Multiple Choice
VC is merging with DRW. VC will pay DRW's shareholders the current value of their shares in shares of VC stock. VC currently has 15,200 shares of stock outstanding at a market price of $28 a share. DRW has 2,500 shares outstanding at a price of $20 a share. How many shares of stock will be outstanding in the merged firm?
A) 16,840 shares
B) 17,061 shares
C) 17,200 shares
D) 16,986 shares
E) 18,609 shares
Correct Answer:
Verified
Correct Answer:
Verified
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