Question: An acquisition creates value for a shareholder when: a) By acquiring a business whose fundamental value is lower than the purchase price b) When a

An acquisition creates value for a shareholder when:

a) By acquiring a business whose fundamental value is lower than the purchase price

b) When a company acquires a business whose fundamental value is higher than the purchase price

c) As long as the fundamental value of the target plus the present value of the synergies is less than the purchase price

d) None

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