MLC firm is likely to be the target in a takeover attempt by AZV firm. The stock price is likely to rise over the next few weeks as the takeover progresses, but if it fails, the stock price of MLC is likely to fall even more than the rise. (i) What option strategy might exploit this information? (03 Marks) (ii) What will be the (Delta) of the above option strategy (03 Marks) (Hint: Do not need to evaluate the expression)