DEF stockholders are paid the current market value of their firm in the form of ABC stock. Both firms are 100% equity-financed. The total earnings of the combined firm are $77,000. 
What is the price per share after the merger?
Definitions:
Prices
The amount of money required to purchase a good, service, or asset.
Shirts
Articles of clothing worn on the upper body, usually having sleeves and a collar, and made from various fabrics.
Hot Drinks
Beverages that are served warm, such as coffee, tea, or hot chocolate.
Temperature
A physical quantity expressing the subjective perceptions of hot and cold, measured with thermometers.
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