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Firm K is considering making a stock offer to acquire Firm). Use the following information to determine the maximum exchange ratio Firm K can offer.

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Firm K is considering making a stock offer to acquire Firm). Use the following information to determine the maximum exchange ratio Firm K can offer. Price of K: $60 per share Price of: $45 per share PV of Synergies: $15 million Value of : $28 million 02.05 O 1.15 O 1.75 O 1.40

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