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Erica just acquired Fraken in an all-stock transaction. The combined firm has a postmerger value of $405,600. As independent firms, Erica was worth $202,500 and

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Erica just acquired Fraken in an all-stock transaction. The combined firm has a postmerger value of $405,600. As independent firms, Erica was worth $202,500 and Fraken was worth $52,600. What is the synergy from the merger? Multiple Choice $150,500 $366,100 $143,600 None of the options are correct

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