Dressler,Inc.,is planning on merging with Weston Foods.Dressler will pay Weston's shareholders the current value of its stock in shares of Dressler stock.Dressler's currently has 6,200 shares of stock outstanding at a market price of $30 a share.Weston's has 2,200 shares outstanding at a price of $25 a share.How many shares of stock will be outstanding in the merged firm?
A) 6,840 shares
B) 7,061 shares
C) 7,200 shares
D) 8,033 shares
E) 8,609 shares
Correct Answer:
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