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Which one of the following statements is correct concerning acquisition considerations? A) The value of a target firm should be calculated ignoring the market valuation.

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Which one of the following statements is correct concerning acquisition considerations? A) The value of a target firm should be calculated ignoring the market valuation. B) The acquisition analysis should focus on the existing cash flows of the target firm. C) The effects of synergy should be ignored in the acquisition analysis. D) The acquiring firm's discount rate should be used in the analysis of the merger NPV. E) Transaction costs and related expenses must be included in the acquisition analysis

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