Discussion

Explanation:

The given question requires the proportion of ‘mergers’ to ‘acquisitions’ for the entire period. Hence, the acquisitions table must be constructed and the sum of the mergers and acquisitions must be calculated. It can be shown as follows,

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It must be noted that the overall sum can be calculated by calculating the individual sums either year wise or sector wise for this question. There is no need to calculate both.

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$\frac{\mathrm{Total} \mathrm{Mergers}}{\mathrm{Total} \mathrm{Acquisitions}}$ = $\frac{1499}{4147}$ × 100 = 36%

Hence, option (b).

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