Question: Question 3 3 2 pts Tom Copeland, Tim Keller, and Jack Morrin, on their book Valuation, Measuring and Managing the Value of Companies, observed that
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Tom Copeland, Tim Keller, and Jack Morrin, on their book Valuation, Measuring and Managing the Value of Companies, observed that acquirers paid too much for companies because of all but one of the following reasons:
overestimation of synergies
market potential greater than estimated
overoptimistic appraisal of market potential
overbidding
poor due diligence
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