Question: MI Corporation has agreed to be acquired by SE Corporation for 900 shares of SE Corporation stock. SE Corporation currently has 8,500 shares of stock

MI Corporation has agreed to be acquired by SE Corporation for 900 shares of SE Corporation stock. SE Corporation currently has 8,500 shares of stock outstanding at a price of $26 a share. MI Corporation has 1,700 shares outstanding at a price of 10 a share. The incremental value of the acquisition is $1,200. What is the value per share of SE Corporation stock after the acquisition?

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