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:

Infertility

The inability of a person to conceive after a year or more of regular sexual intercourse without contraception.

Ovum

A female reproductive cell or egg that, when fertilized by sperm, can develop into a zygote and eventually a fetus.

Intrauterine Growth Restriction

A condition where a fetus does not grow to its expected weight and size during pregnancy.

Perinatologist

A physician specializing in the care of the fetus and complicated, high-risk pregnancies, also known as a maternal-fetal medicine specialist.