Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay
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Question:
Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will
pay a 28% premium over Thor's pre-merger price. If Thor's premerger price per share was $44 and Loki's was $48, what exchange ratio will Loki need to offer?
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