CBA Corp.is worth $15 million as a stand-alone firm.ABC Corp.has offered 350,000 shares valued at $50 each to acquire CBA.After the announcement,however,the price of ABC's shares falls to $45.What was the cost of the merger?
A) −$1.75 million
B) $0.75 million
C) $1.75 million
D) $3.25 million
Correct Answer:
Verified
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