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QUESTION
Suppose that the market price of Company X is $45 per share and that of Company Y is $30.
Suppose that the market price of Company X is $45 per share and that of Company Y is $30. If X offers three-fourths a share of common stock for each share of Y, the ratio of exchange of market prices would be:
A. .667B. 1.0C. 1.125D. 1.5