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Katie Homes and Garden Co. has 13,900,000 shares outstanding. The stock is currently selling at $64 per share. If an unfriendly outside group acquired 25 percent of the shares, existing stockholders will be able to buy new shares at 30 percent below the currently existing stock price.
a. How many shares must the unfriendly outside group acquire for the poison pill to go into effect? (Do not round intermediate calculations.)
b. What will be the new purchase price for the existing stockholders? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
If the price of oats increases, might there be an effect on the supply of wheat as well as on the demand for wheat? Explain.
When the accounting profit equals the implicit costs, the firm earns
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All references need to adhere to APA guidelines, and images should not be copied unless author permission is obtained or copyright free images are used.
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Define the term “institution.” Now, use your definition of this term ,and discuss why the authors of the texts used in this course consider institutions so critical to the the task of closing the gap between rich and poor countries.
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