Question
A buyer of bonds values good ones at $X and values bad ones at $255. The buyer cannot observe type but believes the fraction of
A buyer of bonds values good ones at $X and values bad ones at $255. The buyer cannot observe type but believes the fraction of good sellers is 54% and the rest are bad. If the buyer is willing to pay $309, at most, then X must be?
| $355 |
| $375 |
| $390 |
| $405 |
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Listed Volatility And Variance Derivatives
Authors: Yves Hilpisch
1st Edition
1119167914, 978-1119167914
