Answer:
A) Looney Landscaping will receive $187,500,000 (= $12.50 x 15,000,000 shares)
The bank's profit will be $11,250,000 (= ($13.25 - $12.50) x 15,000,000 shares)
B) Looney Landscaping will receive $166,260,000 (= ($12.50 - $0.275) x 13,600,000 shares)
The bank's profit will be $3,740,000 (= $0.275 x 13,600,000 shares)
If the stocks are sold at $11.95 per share, then Looney Landscaping will receive $158,780,000 (= ($11.95 - $0.275) x 13,600,000 shares)
The bank's profit will be the same, $3,740,000
