Financial ________ is a general term which relates to an organization's cash reserves and borrowing power

Which of the following core defensive strategies is appropriate when a business is operating in a very unattractive market and has a very weak competitive advantage?

A) a harvest strategy B) a monetize strategy C) an optimize strategy D) a protect strategy E) an invest strategy

Fully explain what the following sentence in the chapter means: "Meier was able to steer a healthy portion of each issue away from hedge funds, which, in an effort to hedge their warrant exposures, might have shorted the Roche stock in the spot

market and thereby driven down share price." Assuming the warrants were long call options on Roche shares, explain how shorting Roche's shares would have hedged the hedge funds' positions.