Today Bank of America bought Countrywide Finance CFC. Click and read the article. Did the shareholder of CFC get a good deal, better yet did Bank of America get a good deal? Why did Bank of America pay in stock rather than cash? If you had been CFC shareholder are you happier now? We will be studying the euqity side of the balance sheet this semester in Intermed II and will address these questions!
Professor Elam
Accounting & Investing Info for San Antonio A & M
Professor Elam 
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