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An Acquiring Firm Has a Value of $500 Million and a P/E

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An acquiring firm has a value of $500 million and a P/E ratio of 15.The target company has a value of $200 million and a P/E ratio if 10.It is expected that there will be $8 million gain from the merger.Given this information, determine the P/E of the merged firm and whether the P/E.

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