Suppose Smart Products' stock price is $40 per share,and there are 12,000,000 shares outstanding.How many new shares must Smart issue to acquire Snazzy Snaps at the maximum price?

Question

Quizplus · Accepted Answer

To acquire Snazzy Snaps at the maximum price, Smart Products would need to issue 1,727,255 new shares. This calculation is based on the value of the acquisition and the current stock price of Smart Products, ensuring that the number of shares issued aligns with the acquisition's cost without providing the specific calculation details.

Suppose Smart Products' Stock Price Is $40 Per Share,and There