Moore Industries Has Agreed to Be Acquired by Scott Enterprises

question 67

Multiple Choice

Moore Industries has agreed to be acquired by Scott Enterprises for $22,000 worth 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)$28.08
• D)$28.47
• E)$31.03

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Definitions:

Repression

A psychological defense mechanism where distressing thoughts and feelings are unconsciously blocked from conscious awareness.

Introspective Styles

Personal methods or approaches to self-reflection and examination of one's own thoughts and feelings.

Negative Emotions

Feelings or emotions that are generally considered unpleasant or undesirable, such as sadness, anger, fear, or disgust.

Problem-Focused Coping

A strategy involving directly addressing a problem causing stress in order to reduce or eliminate it.