en 4 - saved out of question BFR Cargo Ltd will shortly be listed on the stock exchange. It is known that the valuation will be between $10.00 and $14.00 Prior to listing, traders will receive information updates that will allow them to eliminate with certainty, a given range of values The time to listing is 500 hours. The pricing estimates are driven by the following model: E = Pub - X(T-1)/E Where: Et = Estimate of the price at timet Pub - Final price X = uniform random variable distributed between -0.05 and 0.05 = time until listing elapsed time E, = initial expected value (at t=0) T t Calculate the value for E (Please display your answer to 2 decimal places.) Answer: 12.00 en 4 - saved out of question BFR Cargo Ltd will shortly be listed on the stock exchange. It is known that the valuation will be between $10.00 and $14.00 Prior to listing, traders will receive information updates that will allow them to eliminate with certainty, a given range of values The time to listing is 500 hours. The pricing estimates are driven by the following model: E = Pub - X(T-1)/E Where: Et = Estimate of the price at timet Pub - Final price X = uniform random variable distributed between -0.05 and 0.05 = time until listing elapsed time E, = initial expected value (at t=0) T t Calculate the value for E (Please display your answer to 2 decimal places.) Answer: 12.00