medium · Investment Banking

An Acquirer uses its own cash (earning 1.0% after-tax) to buy a Target. The Target has a P/E of 25.0x.

Is the deal accretive or dilutive before synergies and amortization?

  1. Accretive.
  2. Dilutive.
  3. Break-even.
  4. The P/E of the Acquirer is required to answer this.

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