Question

2. Microsoft Corp. has made an offer to acquire 1.5 million shares of Apple$374 per share. They offered Apple 10 million shares of Microsoft worth $25 pershare, but they need to make up the difference with other shares. They have othershares worth $28 per share. How many of the $28 shares (to the nearest share) dothey also have to offer to make an even swap? Explain your work using words,numbers, and/or pictures

Answer 1

`\begin{gathered} 1.5\text{ million shares=1,500,000} \\ cost=\text{ \$374} \\ Total=(\text{\$}374)(1,500,000) \\ Total=\text{\$}561,000,000 \\ 10\text{ million shares=10,000,000} \\ cost=\text{ \$25} \\ Total=(\text{\$25})(10,000,000) \\ Total=\text{ \$}250,000,000 \\ Difference=\text{ \$561,000,000-\$250,000,000} \\ Difference=\text{ \$311,000,000} \\ \text{ \$}28\text{ per share} \\ Total\text{ of shares=}\frac{\text{\$311,000,000}}{\text{ \$}28\text{ per share}} \\ Total\text{ of shares=11,107,143} \\ They\text{ have to offer 11,107,143 shares} \end{gathered}`