Ask Question
5 June, 19:45

You own shares in Supernova Inc. that were purchased at a price of $23 per share. Quicksilver

Inc. has offered to purchase Supernova Inc. and buy your shares at a price of $34 per share.

What will be your return if you tender your shares to Quicksilver Inc. and the deal is

completed?

A) 47.83%

B) 33.48%

C) 50.22%

D) 45.43%

+3
Answers (1)
  1. 5 June, 20:13
    0
    A) 47.83%

    Explanation:

    The computation of the return is shown below:

    = (Supernova price per share - owned purchase price per share) : (owned purchase price per share) * 100

    = ($34 per share - $23 per share) : ($23 per share) * 100

    = ($11 per share) : ($23 per share) * 100

    = 47.83%

    Simply we take the difference per share and then divide it by the owned purchase price per share so that the accurate rate of return can be computed
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You own shares in Supernova Inc. that were purchased at a price of $23 per share. Quicksilver Inc. has offered to purchase Supernova Inc. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers