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Business, 25.02.2020 03:50 Jackals9912

Briefly describe each of the following types of mergers: (a) horizontal, (b) vertical, (c) congeneric, and (d) conglomerate.17-1 Hybrid securities contain characteristics of both debt and equity. Hybrid securities are a form of financing used by the firm. Derivative securities are neither debt nor equity. They are securities that derive their value from another "underlying" asset. Derivatives are not used by the firm for raising funds but are used for managing certain aspects of the firm’s risk.

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Briefly describe each of the following types of mergers: (a) horizontal, (b) vertical, (c) congeneri...
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