Moore Industries Has Agreed to Be Acquired by Scott Enterprises

question 38

Multiple Choice

Moore Industries has agreed to be acquired by Scott Enterprises for 800 shares of Scott Enterprises stock. Scott Enterprises currently has 7,500 shares of stock outstanding at a price of $28 a share. Moore Industries has 1,800 shares outstanding at a price of $12 a share. The incremental value of the acquisition is $1,100. What is the value per share of Scott Enterprises stock after the acquisition?

• A) $27.52
• B) $27.96
• C) $28.04
• D) $28.47
• E) $31.03

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character, affecting how they think, feel, and behave across various situations.

Situationist

Pertaining to the theory that environmental and situational contexts significantly influence behavior, as opposed to traits being solely responsible.

Correlation

A statistical measure that indicates the extent to which two variables fluctuate together, without implying causation.

Effect Size

A quantitative measure of the magnitude of a phenomenon, effect, or difference, used to understand the significance of research outcomes.