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27) Loki, Inc. and Thor, Inc. entered a stock-swap merger agreement whereby Loki will pay...

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Finance

27) Loki, Inc. and Thor, Inc. entered a stock-swap merger agreement whereby Loki will pay a 28% premium over Thor's pre-merger price. If Thor's pre-merger price per share was $35 and Loki's was $53, what exchange ratio will Loki need to offer? A) .91 B) .85 C) .76 D) .52

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