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I need to explan these photos about Treynors Model for dealers in details: price Value-based ask price Ask price Inside Spread Outside Spread Bid price

I need to explan these photos about Treynors Model for dealers in details:

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price Value-based ask price Ask price Inside Spread Outside Spread Bid price Value-based bid price Max short 0 Max long Security Dealer Inventories of Securities Reverse Repo Securities Cash Inventories of Cash Arbitrage price price Fundamental price Max short 0 Max long O Max short Max long

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