Question $5$

In stock$-$swap transaction, the "price" offered by the buyer is determined by the

$($i$.$e$.$ the

number of bidder shares received in exchange for each target share$),$ multiplied by the

of the

acquirer's stock.

exchange ratio; the market price

exchange ratio; the discounted price

$\frac{P}{E}$ ratio; the discounted price

P$/$E ratio; the market price

Question $6$

The fact that a large company can enjoy savings from producing goods in high volumes that are not

available to a small company is called:

tax$-$related synergy

economies of scope

economies of scale

vertical integration