Suppose that the market price of Company X is $45 per share and that of Company Y is $30. If X offers three-fourths a share of common stock for each share of Y, the ratio of exchange of market prices would be: Answer to three decimal places.
price_x = 45
price_y = 30
exchange_ratio = 3.0 / 4.0
ratio_of_exchange_market_prices = price_x / price_y * exchange_ratio
round(ratio_of_exchange_market_prices, 3)