The following news was reported on Bloomberg for the stock Pandion (ticker PAND) on Feb 25, 2021. Feb 25, 2021: Pandion Therapeutics (PAND) stock blasted to a record high Thursday on Merck's (MRK) plan to buy the IPO stock for $1.85 billion. Biotech company Pandion only wrapped its initial public offering seven months ago. But Merck is planning to take over the fledgling company for $60 per share. That represents a roughly 130% premium to the IPO stock's share price, SVB Leerink analyst Geoffrey Porges said in a report to clients." a. Provide a graph of the stock price of PAND from Feb 213 to Feb 28th using Finance.yahoo.com b. Describe in 5 lines or less how the stock price changed? Why? c. What is the efficient market hypothesis? What does the price reaction of PAND imply about market efficiency? Could traders have exploited the published news to make a profit? The following news was reported on Bloomberg for the stock Pandion (ticker PAND) on Feb 25, 2021. Feb 25, 2021: Pandion Therapeutics (PAND) stock blasted to a record high Thursday on Merck's (MRK) plan to buy the IPO stock for $1.85 billion. Biotech company Pandion only wrapped its initial public offering seven months ago. But Merck is planning to take over the fledgling company for $60 per share. That represents a roughly 130% premium to the IPO stock's share price, SVB Leerink analyst Geoffrey Porges said in a report to clients." a. Provide a graph of the stock price of PAND from Feb 213 to Feb 28th using Finance.yahoo.com b. Describe in 5 lines or less how the stock price changed? Why? c. What is the efficient market hypothesis? What does the price reaction of PAND imply about market efficiency? Could traders have exploited the published news to make a profit