Mound company is considering acquiring ground company the market prices of the common stock of the two companies are $60 and $15 respectively

Accounting Aug 28, 2020

Mound company is considering acquiring ground company the market prices of the common stock of the two companies are $60 and $15 respectively. if an exchange of stock is made at these prices, ground stockholders will receive approximately how many shares of Mound for every 100 of their shares?

(a) 4

(b) 25

(d) 400