The amount paid by an acquirer to the shareholders of the acquired firm that exceeds the stand-alone value is called the:

Question options:

	Poison put.
	Golden parachute.
	Goodwill.
	Green mail.
	Merger premium.

Synergy is defined as the:

Question options:

	Entering into a new industry in search of profitable opportunities.
	Benefit of the lockup agreement.
	Positive incremental net gain associated with the combination of two firms.
	Process of removing existing managers after a successful takeover.
	Economies of scale that relate to the average cost of goods produced.

The Black-Scholes option pricing model is:

Question options:

	Based on European-style call and put options.
	Applicable to both American and European put options given an option period of one year or less.
	Used in conjunction with the put-call parity formula to determine the value of a call.
	The basis for proving that European puts are more valuable than comparable American puts.
	A simplified method of determining the value of a stock given the value of its American style options.