Winslow co. has agreed to be acquired by ferrier, inc. for $25,000 worth of ferrier stock. ferrier currently has 1,500 shares of stock outstanding at a price of $21 a share. winslow has 1,000 shares outstanding at a price of $22. the incremental value of the acquisition is $4,000. what is the merger premium per share?

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?