Which one of these statements is true?A) The NPV of a merger can only be shared with the target firm's shareholders if the merger is financed with cash.B) A cash acquisition affects the control of a bidder firm.C) An acquisition financed with shares of stock is generally a tax-free transaction for all involved shareholders.D) A cash acquisition causes the shareholders of the target firm to share in any merger losses.E) A cash acquisition is less expensive than a stock acquisition to the shareholders of the acquiring firm when a merger produces a negative NPV.

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