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* i need the financial calculator inputs please** Handy Mart is being acquired by Spiffy Retail for $47, 725 worth of Spiffy Retail stock. Handy Mart has 2,500 shares of stock outstanding at a price of $18 a share. Spiffy Retail has 6,000 shares outstanding with a market value of $23 per share. The incremental value of the acquisition is $4,200. a) How many new shares of the acquirer's stock will be issued to pay for the target? b) How many shares will the acquirer have after the merger is completed?

* i need the financial calculator inputs please** Handy Mart is being acquired by Spiffy Retail for $47, 725 worth of Spiffy Retail stock. Handy Mart has 2,500 shares of stock outstanding at a price of $18 a share. Spiffy Retail has 6,000 shares outstanding with a market value of $23 per share. The incremental value of the acquisition is $4,200. a) How many new shares of the acquirer's stock will be issued to pay for the target? b) How many shares will the acquirer have after the merger is completed?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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* i need the financial calculator inputs please** Handy Mart is being acquired by Spiffy Retail for $47, 725 worth of Spiffy Retail stock. Handy Mart has 2,500 shares of stock outstanding at a price of $18 a share. Spiffy Retail has 6,000 shares outstanding with a market value of $23 per share. The incremental value of the acquisition is $4,200. a) How many new shares of the acquirer's stock will be issued to pay for the target? b) How many shares will the acquirer have after the merger is completed?
Transcribed Image Text:* i need the financial calculator inputs please** Handy Mart is being acquired by Spiffy Retail for $47, 725 worth of Spiffy Retail stock. Handy Mart has 2,500 shares of stock outstanding at a price of $18 a share. Spiffy Retail has 6,000 shares outstanding with a market value of $23 per share. The incremental value of the acquisition is $4,200. a) How many new shares of the acquirer's stock will be issued to pay for the target? b) How many shares will the acquirer have after the merger is completed?
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