JLM Has 7,400 Shares of Stock Outstanding at a Market

Multiple Choice

JLM has 7,400 shares of stock outstanding at a market price per share of $18.Hi-Tek has 36,000 shares outstanding that sell for $45 a share.By merging,$5,000 of synergy can be created.Hi-Tek is acquiring JLM for $135,000 worth of Hi-Tek stock.What is the postmerger value per share?

A) $45.00
B) $46.57
C) $45.08
D) $44.92
E) $44.83