Answer questions A through C

Homework: M4: Chapter 13 Homework Save Score: 0 of 1 pt 4 of 5 (3 complete) HW Score: 60%, 3 of 5 pt P13-9 (similar to) Question Help Your brother Joe is a surgeon who suffers badly from the o . He loves to trade stocks and believes his predictions with 100% confidence. In fact, he is uninformed like most investors. Rumors are that Vital Signs (a startup that ma the medical industry) will keover offer at $19.09 per share. Absent the takeover offer, the stock will trade at $15.89 per share. The uncertainty will be resolved in the next few hours. Your h certainty and has instructed his broker to buy the sto k at any price less than $19.09. In fact, the true probability of a takeo er is 50%, but a few pec over will actually occur. They also have ed orders. Nobody else is trading in the stock. a. Describe what will happen to the market price once thes tted if in fact the takeover will occur in a few hours. What will your brother's profits be: positive, negative or zero? . What range of possible pric s could result once thes are submitted if the takeover will not occur. What will your brother's profits be: positive, negative or zero? c. What are your brother's expected profits? a. Once these orders are submitted, if in fact the takeover will occur in a few hours, the market price will be $ | and your brother's profits will be . (Round to the nearest cent and select from the drop-down menu.) positive negative zero