Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay
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Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay a 22% premium over Thor’s premerger price. If Thor’s premerger price per share was $42 and Loki’s was $53, what exchange ratio will Loki need to offer?
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Related Book For 
Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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