please give answer of Q.8 by reading above data... I'll give you up thumb definitely

At the T. Rowe Price Trading Desk (B) Tuesday, August 21, 1984 12:21 p.m. Greg: (in response to Michael's offer of $23/2 for Avantek and $15/4 for Tandem): "OK on Tandem, but my lowest on Avantek is $24." Michael: "OK." 285-042 At the T. Rowe Price Trading Desk (B) Exhibit 1 Avantek Trade on August 21, 1984, 12:21 p.m.-Market Close Time Price Shares (100s) 12:22 12:23 12:23 12:23 12:50 1.23 1:46 1:48 1:51 2:07 2:10 2:20 2:38 2:39 2:39 2:57 3:00 3:01 3:05 3:08 3:15 3:15 3:16 3:39 3:59 24 34 24 24 1/8 24 14 24 7/8 24 7/8 24 7/8 24 1/8 24 34 24 5/8 24 5/8 24 5/8 24 5/8 24 5/8 24 34 24 7/8 24 5/8 24 7/8 24 34 24 12 24 12 24 34 24 34 24 34 24 12 125 1,830 1,000 100 2 3 1 21 30 1 5 1 10 8 30 1 1 10 5 5 4 300 1 10 2 Exhibit 2 Tandem Trades on August 21, 1984, 12:21 p.m.-Market Close Time Price Shares (100s) Time Price Shares (100s) 2,000 1,350 3,200 7 1 2 1 10 3 10 1 5 5 10 10 20 5 10 1 5 1 2 1 100 1 1 AU Ancora una coca cu 5 2 12:21 12:22 12:22 12:23 12:27 12:29 12:30 12:36 12:43 12:46 12:52 12:59 1:00 1:01 1:02 1:02 1:04 1:05 1:05 1:15 1:24 1:26 1:29 1:29 1:30 1:33 1:33 1:38 1:43 1:47 1:48 1:48 1:49 1:53 1:56 2:01 2:04 2:06 2:06 2:06 2:10 2:13 2:15 2:16 2:17 2:17 15 15 15 1/4 15 1/8 15 1/2 15 15 1/8 15 1/8 15 15 1/8 15 15 1/8 15 1/8 15 1/8 15 1/8 15 1/8 15 1/8 15 1/4 15 1/8 15 1/4 15 1/4 15 1/8 15 1/8 15 1/8 15 15 15 1/8 15 1/8 15 1/8 15 1/8 15 1/8 15 15 1/8 15 15 1/8 15 15 15 1/4 15 1/8 15 1/8 15 15 1/8 15 1/8 15 15 15 2:17 2:17 2:21 2:24 2:26 2:27 2:32 2:33 2:33 2:35 2:40 2:43 2:44 2:44 2:44 2:45 2:45 2:53 2:57 2:57 2:58 3:02 3:05 3:06 3:09 3:10 3:11 3:11 3:11 3:11 3:13 3:13 3:14 3:17 3:21 3:22 3:28 3:33 3:38 3:41 3:47 3:50 - UNWANT OG UNNOT on 80 15 15 15 15 15 1/8 14 7/8 15 15 15 14 7/8 14 7/8 15 15 15 15 1/8 15 1/8 15 1/8 14 7/8 14 7/8 14 7/8 15 1/8 14 5/8 15 14 7/8 14 7/8 14 7/8 14 7/8 14 7/8 14 7/8 14 7/8 14 7/8 15 14 7/8 15 15 15 14 7/8 14 7/8 15 15 15 14 7/8 15 14 7/8 15 15 25 19 15 -oon oo oo oon BNNNNNN - O oo 2 4 13 2 51 60 1 2 9 30 4 4 9 50 2 1 5 5 3:54 3:56 3:56 3:58 250 Exhibit 3 Performance of Various Stock Indexes on August 21, 1984 Dow Jones Industrials +1.87% S&P 500 +1.75% Wilshire 500 +1.56% Computer Technology Index +2.34% New Horizons Fund +1.23% QUESTION 8 1. Why include Tandem in the deal? Wouldn't that make the deal complicated? In other words, was it a sweetener (more business to Goldman)? Or something subtler? The only purpose is to help Goldman get more trading business. It is not a sweetener. It is a sweetener. But it is also a way for Greg to hide his price impact in Avantek because part of the costs are shifted to Tandem. It is a sweetener only. At the T. Rowe Price Trading Desk (B) Tuesday, August 21, 1984 12:21 p.m. Greg: (in response to Michael's offer of $23/2 for Avantek and $15/4 for Tandem): "OK on Tandem, but my lowest on Avantek is $24." Michael: "OK." 285-042 At the T. Rowe Price Trading Desk (B) Exhibit 1 Avantek Trade on August 21, 1984, 12:21 p.m.-Market Close Time Price Shares (100s) 12:22 12:23 12:23 12:23 12:50 1.23 1:46 1:48 1:51 2:07 2:10 2:20 2:38 2:39 2:39 2:57 3:00 3:01 3:05 3:08 3:15 3:15 3:16 3:39 3:59 24 34 24 24 1/8 24 14 24 7/8 24 7/8 24 7/8 24 1/8 24 34 24 5/8 24 5/8 24 5/8 24 5/8 24 5/8 24 34 24 7/8 24 5/8 24 7/8 24 34 24 12 24 12 24 34 24 34 24 34 24 12 125 1,830 1,000 100 2 3 1 21 30 1 5 1 10 8 30 1 1 10 5 5 4 300 1 10 2 Exhibit 2 Tandem Trades on August 21, 1984, 12:21 p.m.-Market Close Time Price Shares (100s) Time Price Shares (100s) 2,000 1,350 3,200 7 1 2 1 10 3 10 1 5 5 10 10 20 5 10 1 5 1 2 1 100 1 1 AU Ancora una coca cu 5 2 12:21 12:22 12:22 12:23 12:27 12:29 12:30 12:36 12:43 12:46 12:52 12:59 1:00 1:01 1:02 1:02 1:04 1:05 1:05 1:15 1:24 1:26 1:29 1:29 1:30 1:33 1:33 1:38 1:43 1:47 1:48 1:48 1:49 1:53 1:56 2:01 2:04 2:06 2:06 2:06 2:10 2:13 2:15 2:16 2:17 2:17 15 15 15 1/4 15 1/8 15 1/2 15 15 1/8 15 1/8 15 15 1/8 15 15 1/8 15 1/8 15 1/8 15 1/8 15 1/8 15 1/8 15 1/4 15 1/8 15 1/4 15 1/4 15 1/8 15 1/8 15 1/8 15 15 15 1/8 15 1/8 15 1/8 15 1/8 15 1/8 15 15 1/8 15 15 1/8 15 15 15 1/4 15 1/8 15 1/8 15 15 1/8 15 1/8 15 15 15 2:17 2:17 2:21 2:24 2:26 2:27 2:32 2:33 2:33 2:35 2:40 2:43 2:44 2:44 2:44 2:45 2:45 2:53 2:57 2:57 2:58 3:02 3:05 3:06 3:09 3:10 3:11 3:11 3:11 3:11 3:13 3:13 3:14 3:17 3:21 3:22 3:28 3:33 3:38 3:41 3:47 3:50 - UNWANT OG UNNOT on 80 15 15 15 15 15 1/8 14 7/8 15 15 15 14 7/8 14 7/8 15 15 15 15 1/8 15 1/8 15 1/8 14 7/8 14 7/8 14 7/8 15 1/8 14 5/8 15 14 7/8 14 7/8 14 7/8 14 7/8 14 7/8 14 7/8 14 7/8 14 7/8 15 14 7/8 15 15 15 14 7/8 14 7/8 15 15 15 14 7/8 15 14 7/8 15 15 25 19 15 -oon oo oo oon BNNNNNN - O oo 2 4 13 2 51 60 1 2 9 30 4 4 9 50 2 1 5 5 3:54 3:56 3:56 3:58 250 Exhibit 3 Performance of Various Stock Indexes on August 21, 1984 Dow Jones Industrials +1.87% S&P 500 +1.75% Wilshire 500 +1.56% Computer Technology Index +2.34% New Horizons Fund +1.23% QUESTION 8 1. Why include Tandem in the deal? Wouldn't that make the deal complicated? In other words, was it a sweetener (more business to Goldman)? Or something subtler? The only purpose is to help Goldman get more trading business. It is not a sweetener. It is a sweetener. But it is also a way for Greg to hide his price impact in Avantek because part of the costs are shifted to Tandem. It is a sweetener only