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ABC Corp. has offered 1 million shares having a total market value of $8 million for XYZ. After the merger is announced, shares in ABC

ABC Corp. has offered 1 million shares having a total market value of $8 million for XYZ. After the merger is announced, shares in ABC trade for $9 each. If ABC is confident the XYZ's value increase by $1 million, then the cost of the merger: A. increased by $1 million. B. remained constant. C. increased by $9 million. D. decreased by $1 million.

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