Question
An acquirer with a P/E ratio of 15 and earnings of $1.66 seeks to take over another target firm with value $16.73 and P/E ratio
An acquirer with a P/E ratio of 15 and earnings of $1.66 seeks to take over another target firm with value $16.73 and P/E ratio 15. What is the new merged firm's P/E? Solve problem with exact answer and answers should be to four decimal places no rounding.
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
