alleryStart learning →A SPAC has net assets of USD 250 million. What is the minimum fair market value of its target under the 80% rule?
AUSD 150 million
BUSD 200 million
CUSD 225 million
DUSD 250 million
Answer & Solution
Correct answer: B. USD 200 million
80 percent of 250 million is 200 million.
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