Multiple Choice
The Prada Corporation is considering a merger with the Stone Company, which has 500,000 outstanding shares selling for $30. An investment banker has advised that to succeed in its merger, Prada Corp. would have to offer $45 per share for Stone's stock. Prada Corp. stock is selling for $25. How many shares of Prada Corp. stock would have to be exchanged to acquire all of Stone's stock?
A) 266,667
B) 600,000
C) 900,000
D) None of these options
Correct Answer:
Verified
Correct Answer:
Verified
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