Please answer the four questions below

You observe the following two pending mergers and you are considering adding them to a merger arbitrage portfolio. (Today's date is October 1st, 2016) List the trade(s) necessary to invest on the Cardinal Finance Corp. (CFNL) merger. What is the merger arbitrage spread (rate of return) and approximate annualized spread? List the trade(s) necessary to invest on the LinkedIn(LNKD) merger. What is the merger arbitrage spread (rate of return) and approximate annualized spread? Are these trades eventually guaranteed to be profitable? Briefly explain two important things that could happen such that either of these position will not be profitable C] Briefly explain whether you believe the merger arbitrage is a high or low Beta strategy