Q1) Assume there are only 3 companies, A, B and C in the same. When company A wants to merge/acquire company B on a friendly basis, what kind of possible activities do you think those 3 companies might do in anticipation to such an official M&A announcement?

Q2) Explain on discount cash-flow method for corporate valuation and discuss possible different discount rates.

Q3) Explain on market/trading multiple method assuming you want to invest in unlisted company versus other companies in the same industry?

Q4) Explain the synergy for an M&A case and what are the key components of synergy?