First National Bank's stock is currently selling at $40 per share and the bank recently reported earnings per share of $4.50 on its 200,000 shares outstanding.Second National Bank has 150,000 shares outstanding,with a current market price of $30 per share.It just reported its earnings per share of $5.If First National acquires Second National in a stock purchase,with the two banks agreeing to exchange stock at the current market prices,and post-merger earnings are expected to be $1,800,000,what is the expected EPS post merger?

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The Answer of First National Bank's stock is currently selling at $40 per share and the bank recently reported earnings per share of $4.50 on its 200,000 shares outstanding.Second National Bank has 150,000 shares outstanding,with a current market price of $30 per share.It just reported its earnings per share of $5.If First National acquires Second National in a stock purchase,with the two banks agreeing to exchange stock at the current market prices,and post-merger earnings are expected to be $1,800,000,what is the expected EPS post merger?

First National Bank's Stock Is Currently Selling at $40 Per