VIII) An arbitrage firm (A) notes that the bidder (B) whose stock is selling at $35 makes an offer for target (T) selling at $60 to exchange 2 shares of B for one share of T. T rises to $66; B drops to $33. A sells 2 B short for $66 and goes long on T for $66. Three months later the deal gets abandoned. B's stock price goes to $37. T's price goes down to $ 64. Assume that the arbitrage firm closes out the position. What is A's dollar return? What is A's percentage annualized return? VIII) An arbitrage firm (A) notes that the bidder (B) whose stock is selling at $35 makes an offer for target (T) selling at $60 to exchange 2 shares of B for one share of T. T rises to $66; B drops to $33. A sells 2 B short for $66 and goes long on T for $66. Three months later the deal gets abandoned. B's stock price goes to $37. T's price goes down to $ 64. Assume that the arbitrage firm closes out the position. What is A's dollar return? What is A's percentage annualized return