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ABC Corporation acquires DEF Corporation for $100 cash on January 1, 2013. DEF Corporation has $200 of NOLs (net-operating losses) from its pre-acquisition filings. The
ABC Corporation acquires DEF Corporation for $100 cash on January 1, 2013. DEF Corporation has $200 of NOLs (net-operating losses) from its pre-acquisition filings. The long-term tax-exempt rate for January 2013 is 4%. How much of DEF's NOLs can be used in 2013?
A) $2
B) $4
C) $6
D) $8
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