In the same example, how would you change your answer if you discovered that the probability of

Question:

In the same example, how would you change your answer if you discovered that the probability of "up" were 0.1, so that the looked grossly overvalued?
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...