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Which of the following is not true of a taxable purchase of stock? a. It generally does not permit a basis step-up of the targets
Which of the following is not true of a taxable purchase of stock?
a. | It generally does not permit a basis step-up of the targets assets. | |
b. | All target stockholders are affected equally. | |
c. | It usually involves the purchase of the targets stock with cash. | |
d. | It usually involves a tender offer for the targets shares. | |
e. | The target firm does not pay any taxes on the transaction. |
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