The following data on a merger are given:

Firm A has proposed to acquire Firm B at a price of $20 per share for Firm B's stock. Calculate the gain from the merger.
A)$600
B)$150
C)$550
D)$700

Question

The following data on a merger are given:

Firm A has proposed to acquire Firm B at a price of $20 per share for Firm B's stock. Calculate the gain from the merger.
A)$600 
B)$150 
C)$550 
D)$700

Quizplus · Accepted Answer

To calculate the gain from the merger, we need to know how many shares of Firm B are being acquired. This information is not given in the question.

The Following Data on a Merger Are Given