NO.PZ2023123001000010
问题如下：
Which statement best reflects how discount rate biases may affect offer prices in transactions involving public company buyers and private company targets?
选项：
A.Public
company buyers pay offer prices for private firms that reflect improvements the buyer will make after a
successful acquisition
Public
company buyers pay offer prices
for private firms that reflect the
higher discount rates that apply to
private companies
Public company buyers pay offer prices for private companies that do not reflect any control premium
解释：
A is Correct. Acquisition offer prices often reflect the improvements that a public company buyer will make to the private firm, such as reducing expenses.
B is incorrect as this statement contradicts the statement in A.
C is incorrect as the public company buyer is likely to pay a premium to successfully gain control of the private company.
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