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omaralnatour omaralnatour
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11 months ago
Fine Tunes Limited is considering a merger with Songbird Company. Fine Tunes has 10 million shares outstanding at a market price of $30 per share. Songbird has 5 million shares at a market price of $3 per share. Fine Tunes estimates that the post-merger value of Songbird is $20 million. Fine Tunes will offer Songbird’s shareholders a package worth $3.60 per share. What is the exchange ratio in this merger?


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0.12



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0.23



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0.34



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0.45

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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edatayedatay
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11 months ago
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omaralnatour Author
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11 months ago
Correct Slight Smile TY
mikeh209
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Yesterday
Thank you, thank you, thank you!
Jodias
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2 hours ago
Helped a lot
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