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Consider a Kyle (1985) model set-up in which the true value of the stock is $12.00, the unconditional variance of the true value is 6,

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Consider a Kyle (1985) model set-up in which the true value of the stock is $12.00, the unconditional variance of the true value is 6, the variance of uninformed trading is 8,000 and the expected value of the stock is $10.00 without private information. That is: f = $12.00 o = 6.00 o2 = 8,000 F = $10.00 . Calculate the informed trader's equilibrium trading demand (x)

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