8. Assume Walmart and Yarget compete for the same customers. Suppose retail sales for 2023:Q1 shrank 3% from the Levious quarter. Wal-Mart just reported a 10% growth in revenues for the quarter. Target reports earnings tomorrow. Based on this information, which of the following trades should you perform today? a. Purchase puts on Target. b. Write (Short-Sell) calls on Wal-Mart; Write (Short-Sell) puts on Target. c. Purchase calls on Target. d. Write (Short-Sell) puts on Wal-Mart; Write (Short-Sell) puts on Target. 9. Assume AMD is Dell's largest supplier. AMD just reported a 20% decline in revenues for 2023:Q1. Based on this information, which of the following trades should you perform just before Dell announces earnings? . Buy AMD b. Short Dell c. Buy Dell d.Short AMD 10. McKnight and Todd (2006) find that when it comes to the earnings forecasts of equity analysts: a. all news is irrelevant b. no news is good news c. good news travels slowly and bad news travels quickly d. bad news travels slowly and good news travels quickly