21-121 the Merger Bid Premium Usually Is Defined as

21-121 The merger bid premium usually is defined as

A) the difference between the price paid for the company and the market value immediately prior to the merger announcement.
B) the ratio of the purchase price of a target bank's equity to its book value.
C) the difference between the market value immediately prior to the merger announcement and the book value of the company.
D) All of the above.
E) Answers A and B only.