Which of the Following Is Not a Reason That the Initial

question 36

Multiple Choice

Which of the following is not a reason that the initial outlay for acquiring a firm in Asia was lower as a result of the Asian crisis

• A) Property values in Asia had declined.
• B) The parent's currency (for parents in the United States of Europe) has less purchasing power due to the weakening of the Asian currencies.
• C) Many firms in Asia were near bankruptcy and were unable to obtain necessary funding.
• D) The governments in Asian countries were more willing to allow foreign acquisitions of local firms as a means of resolving the crisis.

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Definitions:

No-Par Share

Stock issued without a specified face value, where the board of directors determines its value.