Question: loki inc and thor inc have entered into a stock...
Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay a 32 % 32% premium over Thor's premerger price. If Thor's premerger price per share was $ 38 $38 and Loki's was $ 52 $52, what exchange ratio will Loki need to offer?
The ratio should be nothing shares of Loki for every share of Thor. (Round to two decimal places.)