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Firm Y was worth $450 and Firm Z had a market value of $375. Firm Y acquired Firm Z for $425 because they thought the
Firm Y was worth $450 and Firm Z had a market value of $375. Firm Y acquired Firm Z for $425 because they thought the combination of the new Firm YZ was worth $925. What is the investment gain Firm Y got from the merger? What is the investment gain Firm Z got from the merger?
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