Phylum Plants stock is currently trading at a price of $55 per share. The company is considering
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Phylum Plants’ stock is currently trading at a price of $55 per share. The company is considering the acquisition of Taxonomy Central, whose stock is currently trading at $20 per share. The transaction would require Phylum to swap its shares for those of Taxonomy, which would be paid $60 per share. Calculate the ratio of exchange and the ratio of exchange in market price for this transaction.
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Ratio of exchange 60 55 1091 M...View the full answer
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