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A merger between Minnie Corporation and Mickey Corporation is under consideration. The financial information for these firms is as follows: a. Assume a 100 percent

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A merger between Minnie Corporation and Mickey Corporation is under consideration. The financial information for these firms is as follows: a. Assume a 100 percent premium will be paid and there is a 10 percent synergistic benefit to total earnings from the merger. What is the change in Mickey Corporation's earnings if it merges with Minnie Corporation? (Round the final answer to 2 decimal places.) Change in earnings per share post merger b. Will the postmerger earnings go up or down? Up Down

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