- CFA Exams
- CFA Exam: Level II 2021
- Study Session 8. Corporate Finance (2)
- Reading 23. Mergers and Acquisitions
- Subject 3. Mergers and industry life cycle
CFA Practice Question
In the mature growth phase, the common types of mergers are:
II. Vertical mergers.
III. Conglomerate mergers.
I. Horizontal mergers.
II. Vertical mergers.
III. Conglomerate mergers.
Correct Answer: I and II
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