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Consider the following sources and uses of funds (note this question contains the same sources and uses of funds as the previous question): The EBITDA

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Consider the following sources and uses of funds (note this question contains the same sources and uses of funds as the previous question): The EBITDA of the target company is $40 million and the bidder is able to raise senior debt at 3x the target's EBITDA and sub debt at 1x the target's EBITDA. Assume further that the share price of the bidder at the time of the bid is $6.00 and the target has 100 million shares on issue. Based on the information provided, including that contained in the sources and uses of funds, how would this mixed offer be described? Select one alternative: A$1.50 plus 0.1 for 1 A$3.50 plus 0.5 for 1 A$1.80 plus 1 for 1 A$1.20 plus 0.1 for 1 A$1.50 plus 0.5 for 1

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