Precedent Transaction Valuation Selecting Relevant Transactions Precedent transaction valuation is especially important in the context of mergers and acquisitions, and as such, has a few more considerations compared to comparable company valuation. Which of the following are correct statements according to our material? Select ALL that apply.

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a. A financial buyer can typically pay more than a strategic buyer

b. Enterprise value is the effective purchase price of the target company

c. Precedent transactions will usually result in the highest valuation

d. The date of the transaction is not important in most cases