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1.NoWork's stock at the end of the day is expected to be worth $100 (80% probability) or 110 (20% probability), pending a news announcement.A dealer

1.NoWork's stock at the end of the day is expected to be worth $100 (80% probability) or 110 (20% probability), pending a news announcement.A dealer believes that 90% of the traders are noise traders and 10% are informed traders.The dealer is setting her ask price.At what value of the ask price does she just break even? ( 65 points)

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