Apnex, Inc., is a biotechnology firm that is about to announce the results of its clinical trials of a potential new cancer drug. If the trials areâ successful, Apnex stock will be worth per share. If the trials areâ unsuccessful, Apnex stock will be worth per share. Suppose that the morning before the announcement isâ scheduled, Apnex shares are trading for per share. a. Based on the current shareâ price, what sort of expectations do investors seem to have about the success of theâ trials? b. Suppose hedge fund manager Paul Kliner has hired several prominent research scientists to examine the public data on the drug and make their own assessment of theâ drug's promise. Wouldâ Kliner's fund be likely to profit by trading the stock in the hours prior to theâ announcement? c. Which factors would limit the ability ofâ Kliner's fund to profit on itsâ information?

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Answer 1

Based on the current share price, the expectation that investors seem to have about the success of the trials is that the market share seems to assess a somewhat greater than 50% chance of success.

If the hedge fund manager hires research scientists to examine the public data on the drug, Kilner's fund will likely profit, if they have better information than other investors.

Lastly, the factor that can limit the ability of Kilner's fund to profit on its information will be that the market may be illiquid and thereby no one wants to trade with them.

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Related Questions

Identify the dimensions that are encompassed by sport management according to Blann. (Check all that apply.)

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The dimensions covered by the management of sport, according to Blann, are organized sport, the sport company, the management of sporting experiences and the world of sport.

Sport management can be understood as planning, organizing, directing, controlling, budgeting, leading and evaluating skills in an organization whose business is related to sporting activities.

The sports industry is constantly growing, due to the growth of new sports in addition to the traditional ones, and increased media exposure, which has also generated an increased need for qualified professionals in sports media.

In the United States, the sports industry is the sixth largest industry in the country, so there is a need for greater structure and organization of business and sport, better management and understanding of the world of sport.

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Drag the task into the appropriate column.

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putting together a circuit board = dangerous

investigate mars = dangerous

put labels on tins of beans = boring

create a 0.005 mm thread onto nut = boring

spray paint cars = boring

change fuel rods in a nuclear power station = dangerous

Dangerous Task:

Put together a circuit board for a computer (can get electrified)

Investigate the planet Mars (Many things can get wrong with the space ships or your space suit or get trapped in Mars)

Change fuel rods in a nuclear power station (Nuclear power means radiation which can be really harmful if you don't follow the correct procedure)

Boring Task:

Put labels on tins of beans (not dangerous at all)

Create a 0.05 mm thread onto nut. (Not dangerous at all)

Spray paint cars (might be dangerous if you spray in your face, otherwise not that dangerous)

Channels of communication that follow the chain of command and are considered as official are ________ communication channels.

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The channels of communications which follows the chain of command and considered as official are known as Formal communication channels.

A formal communication channel refers to the channel through which boards, managers, employees transmits various information such as the goals, policies and procedures within the organization.

An example of a formal communication channel in a company is its Mission & Vision Statement which gives the employees a clear idea of the company's goals and vision.

In conclusion, the channels of communications is known as Formal communication channels.

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The process in which people seeking higher interest rates take their money out of financial institutions is called

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Answer:

Explanation:

Ddss

Problem No. 1. "In your home, when you want to eat egg sandwich before going to school, your mother would surely prepare it for you. Your egg sandwich would not be produced without a process." 1.who would » 1. Who would be your manpower? 2. What would be your materials? 3. What machines or tools would you use? 4. What methods are needed to produce the egg sandwich? (Cooking procedures- enumerate them).

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Your egg sandwich would be produced by your mother, using egg and bread as production materials. The machines or tools used could be a stove, a frying pan and a spatula.

The cooking methods needed to make the egg sandwich consist of separating the materials to be used, frying the egg, seasoning with salt and pepper, then reserving.

After you have fried the egg, you should heat the two slices of bread in the frying pan, place the egg between the slices and press it with the spatula to compress the sandwich.

This is a healthy snack that provides the protein and carbohydrates needed to give the body energy and nutrients to start the day.

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Shine-Glo is a car shampoo and wax system for car enthusiasts who want to protect their cars from the elements. What could be included as part of Shine-Glo’s promotion mix?

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The options were not included. To answer the question, we need to first understand what a promotion mix is. A promotion mix refers to all the methods that are used by businesses to promote the sales of a product.

Shine-Glo described above could include Direct marketing as part of its promotion mix.

As explained above, a promotion mix involves all the methods that are used in convincing the customer to purchase the product.

Advertising, direct marketing, personal selling, sales promotion, and public relations are all ways to do this.

The company above can send messages via messages to car enthusiasts, informing them of this service that they render.

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Identify the true statements about final offer arbitration. (Check all that apply.) Multiple select question. It reduces the chilling effect of conventional arbitration. It encourages the negotiators to present extreme offers. It requires the arbitrator to select between the union's or the employer's final offer. It holds the negotiators accountable for the arbitrator's decisions.

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Final offer arbitration is often regarded as a public process only meant for disputes that are monetary in nature.

The true statements about final offer arbitration are:

It reduces the chilling effect of conventional arbitration.

It requires the arbitrator to select between the union's or the employer's final offer

Final offer arbitration as a public process when applied to individual is used when an individual and the other party want to a dispute are are unable to resolve the matter through mediation.

In final-offer arbitration, the two parties that are involved in the dispute often submit final offers to an arbitrator.

The arbitrator then chooses the binding solution that matches the one that is closest to his own view of the right outcome

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When speaking on behalf of your team in a routine message, you might seek ______ from other team members to make sure they agree with what the message says.

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Answer:

feedback

Explanation:

hope this helps :)

You have been working for five years after college and are ready to buy your first home. Homes in the area you want to live in cost $550,000. The biggest mortgage you can afford is $300,000. What is the down payment you will need to pay

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Based on the information given the down payment you will need to pay is $250,000.

Using this formula

Down payment=Building cost -Mortgages

Where:

Building Cost = $550,000

Mortgages = $300,000

Let plug in the formula

Down payment=$500,000-$300,000

Down payment=$250,000

Inconclusion the down payment you will need to pay is $250,000.

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A contract in which an owner provides a user the right to use an asset in return for periodic cash payments over a period of time is called a(n)

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Answer:lease

Explanation:

A contract in which an owner provides a user the right to use an asset in return for periodic cash payments over a period of time is called a(n) An annuity due payment is a recurring issuance of money upon the beginning of a period. Alternatively, an ordinary annuity payment is a recurring issuance of money at the end of a period. Contracts and business agreements outline this payment, and it is based on when the benefit is received.

What is the term used for a sequence of payments over time?

An standard annuity is a sequence of regular payments made at the end of each period, such as monthly or quarterly. In an annuity due, by difference, payments are made at the start of each period. Consistent quarterly goods dividends are one example of an ordinary annuity; monthly rent is an example of an annuity due.

What is the periodic annuity payment?

Annuities or periodic payments are payments given to a person at set intervals for a fixed period, or for life.

What is periodic payment example?

An sample of a periodic payment is a home loan or personal loan repayment. This may sound similar to a direct debit, however, direct debits are agreements made between a member and a business that allow the business to deduct agreed amounts from a designated account.

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I am confused here. Help me, tomorrow is my exam. Is tailoring a secondary activity or tertiary? Bcoz a tailor also makes suits etc and also fixes them. For example if my coat has a cut, the tailor will repair it.​

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Answer:

This is soley based on a personal response no bias. ANS- TERTIARY

Tertiary is a skilled built labor job and Seconadary is a not as needed/skill required based work force such as fast food or retail work.

Explanation:

Of third rank, importance, or value chiefly British : of, relating to, or being higher education

Of, relating to, or constituting the third strongest of the three or four degrees of stress recognized by most linguists

noah is quick to point out all the reasons why something won’t work, yet he seldom poses ways to resolve these problems. this can go on for days at a time. as his manager, you are working with him to accept developmental feedback. because noah is a ________, this might be challenging.

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Because Noah is a complainer, the acceptance of the developmental feedback by him might be challenging.

People who complains frequently, expresses dissatisfaction and quick to point out reasons why something won’t work without providing solution are known as Complainers.

The involuntary action of complaining might be an innate problem, therefore, needs special treatment at his place of work.

Therefore, in conclusion, because Noah is a complainer, the acceptance of the developmental feedback might be challenging.

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Some recent economic research has suggested that African countries' economic growth may have been limited by __________________ .

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Government corruption has been shown by recent economic research to be cause of African countries' limited economic growth.

The limited economic growth causes unemployment, low infrastructure, low basic services etc.

Other cause of the limited growth of African country economies includes political instability, cold War, poor governance, despotism etc .

In conclusion, the Government corruption has been shown by recent economic research to be cause of African countries' limited economic growth.

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To find the total bond value, add the present value of the amount paid at maturity to the _____ of the annual coupon payments. Multiple choice question. future value factor simple interest amount annuity present value

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The addition of the present value of the amount paid at maturity to the annuity Present value of the annual coupon payments helps to derive the total bond value.

Calculation of the PV of bond's future interest payments known as cash flow and the bond's value upon maturity known as face value are components in Bond valuation.

The present value of the amount paid at maturity need to be determined for calculation of total bond value.

The annuity Present value of the annual coupon payments need to be determined for calculation of total bond value.

Therefore, the answer is annuity PV because the addition of the present value of the amount paid at maturity to the annuity Present value of the annual coupon payments helps to derive the total bond value.

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