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

Approx 48% per share.

Explanation:

When the deal is taking place between the Supernova Inc. and the Quicksilver, the value of the share is going to increase as Supernova in being taken over by an other company.

Since you hold shares of Super Nova Inc. the return on a single share you would earn would be 47.8% or approximately 48%.

The answer is calculated as : ((34/23)-1) x 100.

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