decrease Roybus's free cash flow by $$176$ million at the end of this year and by $$57$ million at the end of near.

value of Roybus's debt is not affected by the event.$)$

b$.$ Would you expect to be able to sell Roybus stock on hearing this announcement and make a profit? Explain.

value of Roybus's debt is not affected by the event.$)$

The change in price per share would be $$.($Round to the nearest cent.$)$

b$.$ Would you expect to be able to short sell Roybus stock on hearing this announcement and make a profit? $($Select the best choice below.$)$

A$.$ You should be able to profit by short selling the stock immediately and buying it once the market price has dropped.

B$.$ If this event is public information, no trading profit should be possible because in an efficient market the market price will immediately drop to reflect this news.

C$.$ No trading profit is possible because your broker might not handle transactions on short notice.

D$.$ Because the stock price is likely to drop on this news, you should be able to profit by buying the stock and selling it two years later, after the firm is fully recovered.