Denali Inc. is acquiring Whitney Corp. at an exchange ratio of 2:1. After the deal is announced, Denalis stock price is $25 and Whitneys stock price is $47. Create a trade that would take advantage of the merger arbitrage opportunity, starting with 100 shares of Whitneys stock. Show in detail the profit from your portfolio if between today and the deal being completed, Denalis stock price falls to $20.