3. If you own shares of a stock in a company that makes fighter jets. The company has put out a bid for a government contract. You believe they are 70% likely to get the bid, but if they don't get the bid, the stock's price will drop significantly. What is the best option strategy that you can use to profit if they get the bid (which is more likely) or if they lose the bid? 4. Given the following information on a DISH Network convertible bond, calculate the time to payback (or breakeven). Note: DISH stock does not pay dividends. DES DISH 3 3/8 08/15/2026 CX + GO F1 F2 F3 F4 PRINT HELP MEMC SEARC QUOT QUOT MONI NEWS MSG MENU PG BA PG FW | DISH 3 3/8 08/15/2026 Corp | DES | Related Functions Menu Equity Equity DISH 3 3/8 08/15/26 Co Actions. Settings. 94No Notes 999) Buy 25) Convertible Bond 20 Underlying Description Pages Issuer Information 10 Bond Info Name DISH NETWORK CORP 13 Addtl Info Industry Cable Satellite (BCLASS) 13 Reg/Tax 14 Covenants Convertible Information 19 19 Guarantors Mkt of Issue US DOMEST... Convertible 14 Bood 10 Bond Ratings 17) Identifiers Ctry/Reg US Rank 10 Exchanges 19 Inv Parties Sr Unsecured Conv Ratio 15.3429 Stock Tkr DISH US Parity 20 Fees, Restrict 20 Schedules 32.6804 23 Coupons Coupons Coupon 3.375000 Quick Links Type Fixed 33 ALLQ Pricing 33 QRD Qt Recap Calc Type (49) CONVERTIBLE Pricing Date 34 TDH Trade Hist 39 CACS Corp Action 34 CF Prospectus 37) CN Sec News 1st Coupon Date Convertible Until Maturity 10 HDS Holders #4 bond price is 78.633 percent of par Page 1/12 Securi 90 Sell Identifiers FIGI CUSIP BBGOODJST445 25470MAB5 US25470MAB54 ISIN Bond Ratings Moody's B2 S&P Composite CCC CCC+ Issuance & Trading Amt Issued/Outstanding USD USD Min Piece/Increment Currency USD Series Conv Price 65.1767 Stock Price 21.299999 Premium 140.6123 Init Prem 32.500 Freq S/A 08/03/2016 02/15/2017 Par Amount 08/13/2026 Book Runner 08/15/2026 Reporting 3,000,000.00 (M) / 3,000,000.00 (M) 1,000.00 DB-sole TRACE 1,000.00/ 1,000.00