Winslow co. has agreed to be acquired by ferrier, inc. for $25,000 worth of ferrier stock. ferrier currently has 1,500 shares of stock outstanding at a price of $21 a share. winslow has 1,000 shares outstanding at a price of $22. the incremental value of the acquisition is $4,000. what is the merger premium per share?

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?