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Comment on the directors suggestion of playing the relativeP/E game. For your calculations, assume that New Horizonsshareholders have agreed to an exchange ratio of one
Comment on the directors suggestion of playing the relativeP/E game. For your calculations, assume that New Horizonsshareholders have agreed to an exchange ratio of one shareof Metallic Creations Inc. for every two shares held in NewHorizon. Also, assume that the combined net income of thetwo firms is the sum of their net incomes prior to the comple-tion of the deal
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