JT's is being acquired by Bruno's for $15,000 of Bruno's stock. JT's has 600 shares of stock outstanding at a price of $12 per share. Bruno's has 5,000 shares outstanding at a price of $38 a share. The incremental value of the acquisition is $1,500. What is the value of JT's to Bruno's? 2. Denver Mines is merging with Mountain Glory. Denver Mines will pay the shareholders of Mountain Glory the current value of their stock in shares of Denver Mines. Currently, Mountain Glory has 1,500 shares outstanding at a price of $23 a share. Denver Mines has 6,500 shares outstanding at a price of $41 a share. How many shares of stock will be outstanding in the merged firm?

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