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Exhibit 5-5
Probability Distribution
-Refer to Exhibit 5-5. The variance of x equals
Discount Rate
The interest rate used to discount future cash flows of a project or investment to determine its present value.
Defensive Merger
A strategy where a company merges with or acquires another company to protect itself against potential competitors or hostile takeovers.
Hostile Takeover
An acquisition attempt by a company or individual against the target company's wishes.
Cash Bidding Price
The price offered in cash during an auction or bidding process for an asset or item.
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