You are running an arbitrage-based hedge fund focusing on merger transactions. Company XYZ has just received a tender offer for $46 per share from the management of Acquisi Corp. For the past two weeks, XYZ's shares traded at around $31, but immediately after the tender offer the market price of those shares rose to their current level of $42. On the other hand, Acquisi Corp share price fell from $83 to $81 right after the announcement of the proposed takeover. Further, interest rates in the economy have recently risen from 2.5 percent to 3.2 percent based on renewed fears of inflation. a. Calculate the market's implied probability that the takeover will imately be successful.
b. Explain how you can use this information to decide whether you should take a long position or a short position in the stock of Company XYZ.

As part of a hiring process, codex marketing company conducts an internet search to discover what a job candidate has posted. to codex, this act should present

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise