
VC is merging with DRW. VC will pay DRW's shareholders the current value of their shares in shares of VC stock. VC currently has 15,200 shares of stock outstanding at a market price of $28 a share. DRW has 2,500 shares outstanding at a price of $20 a share. How many shares of stock will be outstanding in the merged firm?
A) 16,840 shares
B) 17,061 shares
C) 17,200 shares
D) 16,986 shares
E) 18,609 shares
Correct Answer:
Verified
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