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Consider the following two merger candidates. The merger is for diversification purposes only with no synergies involved. Risk-free rate is 4% The asset retum standard

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Consider the following two merger candidates. The merger is for diversification purposes only with no synergies involved. Risk-free rate is 4% The asset retum standard deviation for the combined firm is 20%. How much more value will debtholders collectively receive after the merge(keep two decimal places)

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