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11) When evaluating a private firm A) An illiquidity discount can be used to incorporate private firms lower debt capacity. B) A control premium is

11) When evaluating a private firm

A) An illiquidity discount can be used to incorporate private firms lower debt capacity. B) A control premium is generally included when the acquirer seeks control of the target company. C) No adjustments should be made to account for the existence of eventual covenants in the targets capital structure. D) A and B.

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