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Firm B has 500,000 shares outstanding currently trading at $75 per share. Firm T has 600,000 shares outstanding, and it is currently trading at $25

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Firm B has 500,000 shares outstanding currently trading at $75 per share. Firm T has 600,000 shares outstanding, and it is currently trading at $25 per share. Firm B can acquire Firm T for $17,500,000 in cash. If the synergy value of the deal is $3,000,000, what would be the merger premium for Firm T? A) $5.50 million B) $2.50 million C) $3.00 million D) $2.66 million O E) $2.25 million

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