試題詳解

20. Which one of the following statements is correct?
(A) An increase in the earnings per share as a result of an acquisition will decrease the price per share of the acquiring firm.
(B) If firm A acquires firm B then the number of shares in AB will equal the number of shares of A plus the number of shares of B.
(C) The price-earnings ratio can decrease even when the net present value of a merger is equal to zero.
(D) Diversification is one of the greatest benefits derived from an acquisition.