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Firm's one million shares of stock currently sell for $12 each, but Firm A is preparing an $16 per here tender offer Firm A estimates

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Firm's one million shares of stock currently sell for $12 each, but Firm A is preparing an $16 per here tender offer Firm A estimates the NPV of the merger to be 56 million What is the value of ney! A. 56 milion B. $2 million OC $4 million OD $10 million

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