Firm X is considering acquiring Firm Y by offering one of its common stock for 0.8728 shares of Y. Currently, the market price of Firm X is $48. What is the cash bidding price proposed for this deal?
A) $35
B) $42
C) $55
D) $63

Question

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The Answer of Firm X is considering acquiring Firm Y by offering one of its common stock for 0.8728 shares of Y. Currently, the market price of Firm X is $48. What is the cash bidding price proposed for this deal?
A) $35
B) $42
C) $55
D) $63

Firm X Is Considering Acquiring Firm Y by Offering One