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An Acquiring Firm Has a Value of $750 Million and a P/E

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An acquiring firm has a value of $750 million and a P/E ratio of 17.The target company has a value of $400 million and a P/E ratio if 20.It is expected that there will be $50 million gain from the merger.Given this information, determine the P/E of the merged firm and whether the P/E.

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