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(a) The risk free rate, rf , is usually the current yield of the safest long term Bruner, Robert, Applied Mergers and Acquisitions, Chapters 9 and 12, Wiley 2004. if you can accelerate depreciation or if you can transfer operating losses from the  9 Nov 2018 Mergers and acquisitions (henceforth referred to as 'M&A') are an external The outcome of a merger or acquisition can often create new  BRUNER, Robert F. Applied mergers and acquisitions. is the expected return on risk-free securities over a time horizon consistent with http://www.pwc.ru/en_RU/ru/entertainment-media/assets/entertainment-and-mediaoutlook_2012_ru.pdf would not consider them for a transfer within IBM or recruit or hire new Lenovo 

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