12- If the return on the market increased by 5%, and you invested in a stock that has a beta of -2. What is the expected return on your investment? A. -5% B. -10% C. 5% D. 2.5% 13. If the return on the market decreased by 10%, and you invested in a stock that has a beta of -1. What is the expected return on your investment? A. -10% B. -5% C. 10% D. 2.5% 14- When a company merges with another company in its direct competitor, what type of merger has it conducted? A. Vertical merger B. Horizontal merger. C. Congeneric merger. D. Conglomerate merger. 15- Why do firms merge? A. Vertical; Tax; Control B. George: Soros; David C. Losing control; Synergy; Undiversification D. Synergy; Tax considerations; Diversification