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Assume: Volatility = 30 % for both Hilton and Starwood, r = 8%, P HLT = 31.81 (price on 10/31: $30.81; the text on the

Assume: Volatility = 30 % for both Hilton and Starwood, r = 8%, P HLT = 31.81 (price on 10/31: $30.81; the text on the stock valuation of $27.73 refers to this price and can be ignored), P HOT = $52.1...

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