Professional Documents
Culture Documents
1.16 = 1.00
[1 + (1 — 0.5)86.2/271]
9
The numbers and the issues raised come from "Valuing an Acquisition Candidate: Kennecott Copper
Corporation," in Keith Butters, J. et al. Case Problems in Finance, 8th ed. Richard D. Irwin: Homewood,
Ill., 1981.