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In a merger, coinsurance A. Benefits bondholders in both firms at the expense of shareholders in both firms B. Benefits bondholders in the acquiring firm

In a merger, coinsurance

A. Benefits bondholders in both firms at the expense of shareholders in both firms

B. Benefits bondholders in the acquiring firm at the expense of bondholders in the target firm

C. Benefits equity holders in the merged firm at the expense of their bondholders

D. Benefits both bondholders and shareholders in the merged firm

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