JLM Has 7,400 Shares of Stock Outstanding at a Market

question 15

Multiple Choice

JLM has 7,400 shares of stock outstanding at a market price per share of $18.Hi-Tek has 36,000 shares outstanding that sell for $45 a share.By merging,$5,000 of synergy can be created.Hi-Tek is acquiring JLM for $135,000 worth of Hi-Tek stock.What is the postmerger value per share?

• A)$45.00
• B)$46.57
• C)$45.08
• D)$44.92
• E)$44.83

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Definitions:

One-way ANOVA

A statistical test used to compare the means of three or more independent groups on a single factor to determine if there is a significant difference among them.

F-ratio

A statistic used in ANOVA tests, calculated by dividing the variance between groups by the variance within groups.

Critical Value

A threshold in hypothesis testing, above or below which the null hypothesis is rejected, often associated with a specific significance level.

Degrees of Freedom

The measure of unique values or quantities that can be set for a statistical distribution.