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Financial synergy can explain both certain mergers and separations such as structured finance, spinoffs and project finance. Required: a) Explain the key concepts that lead

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Financial synergy can explain both certain mergers and separations such as structured finance, spinoffs and project finance. Required: a) Explain the key concepts that lead to such mergers and separations. (10 marks) b) Describe the sources of gains deriving them. (10 marks) c) Disquss the consequences and problems that the tax-deductibility of interest expenses create. (10 marks)

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