Use the Information for the Question(s)below

question 27

Essay

Use the information for the question(s)below.
Martin Manufacturing has earnings per share (EPS)of $3.00,5 million shares outstanding,and a share price of $32.Martin is considering buying Luther Industries,which has earnings per share of $2.50,2 million shares outstanding,and a share price of $20.Martin will pay for Luther by issuing new shares.There are no expected synergies from the transaction.
-If Martin pays no premium to acquire Luther,what will the earnings per share be after the merger?

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Definitions:

Free-based THC

Refers to a method of consuming THC, the psychoactive component in cannabis, by heating it without the presence of a solvent, creating a smokable form.

Physical Addiction

A physiological state of dependence on a substance, characterized by the appearance of withdrawal symptoms when the substance is not taken.

Palpitations

The sensation that the heart is racing, pounding, fluttering, or skipping beats, often experienced during anxiety or panic attacks but can also indicate heart problems.

THC Content

The concentration of delta-9-tetrahydrocannabinol, the psychoactive compound in cannabis, which determines the potency and psychoactive effects of the substance.