DEF stockholders are paid the current market value of their firm in the form of ABC stock. Both firms are 100% equity-financed. The total earnings of the combined firm are $77,000. 
What are the earnings per share after the merger?
A) $2.48
B) $2.53
C) $2.60
D) $2.98
E) $3.27
Correct Answer:
Verified
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