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Problem 2(25 points) The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $35 per share and LE is trading for

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Problem 2(25 points) The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $35 per share and LE is trading for S25 per share, implying a premerger value of LE of approximately $4 billion. If the projected synergies are si billion, what is the maximum exchange ratio NFF could offer in a stock swap and still generate a positive NPV

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