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