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![]() As financial manager of Corton Inc., you are investigating a possible acquisition of Denham. You have the basic data given in the following table. You estimate that investors expect a steady growth of about 6% in Denham's earnings and dividends. Under new management, this growth rate would be increased to 8% per year without the need for additional capital. <image 1> How would the cost of the share offer change if the expected growth rate was not changed by the merger? (A) the cost of merger through stocks offer is $3,000,000 (B) the cost of merger through stocks offer is $4,000,000 (C) the cost of merger through stocks offer is $4,500,000 (D) the cost of merger through stocks offer is $5,000,000 Answer with the option's letter from the given choices directly. No punctuation. | A Expected Answer: D Difficulty: Easy Subfield: Corporate Finance |
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