Question: Correct answer is given. i need details calculation. 34. Firm B's one million shares of stock currently sell for $20 each. Firm A estimates the

Correct answer is given. i need details calculation.

34. Firm B's one million shares of stock currently sell for $20 each. Firm A estimates the economic gain from the merger to be $10 million and is prepared to offer $22 cash for each share of B. What percentage of the merger gain will be captured by firm B's shareholders? A. 20.00% B. 33.33% C. 50.00% D. 60.00%

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