Which one of these defines the maximum price that a bidder should pay for a target firm?A) An amount equal to the premium created by a merger of the bidder and target firmsB) Target firm's market value less the value of its long-term debtC) Target firm's total market value as a stand-alone entityD) Summation of the target firm's market value plus the merger premium minus any long-term debtE) Summation of the target firm's market value plus the value of the synergy created by the merger

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