1. Are the following hypothetical mergers horizontal, vertical, or conglomerate?
a. British Airways acquires Air Canada.
b. British Airways acquires Hilton Hotels.
c. Wal-Mart acquires H.J. Heinz.
d. H.J. Heinz acquires IBM.
2. Which of the following activities is not a service provided by investment bankers?
a. Underwriting initial public offerings
b. Raising capital via mutual fund offerings
c. Advising in mergers
d. Advising on restructurings