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Business, 06.05.2020 04:35 seonna

Principal, Inc. is acquiring Secondary Companies for $38,000 in cash. Principal has 4,500 shares of stock outstanding at a market price of $31 a share. Secondary has 1,600 shares of stock outstanding at a market price of $22 a share. Neither firm has any debt. The net present value of the acquisition is $2,400. What is the price per share of Principal after the acquisition

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Principal, Inc. is acquiring Secondary Companies for $38,000 in cash. Principal has 4,500 shares of...
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