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

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Firm Kis 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 140 1.15 2.05 1.75

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