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Consider the following premerger information about a bidding firm ( Firm B ) and a target firm ( Firm T ) . Assume that both

Consider the following premerger information about a bidding firm (Firm B) and a target firm (Firm T). Assume that both firms have no debt outstanding.
\table[[,Firm B,Firm T],[Shares outstanding,5,400,1,300],[Price per share,$53,$23
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