NoWork's stock at the end of the day is expected to be worth $95 (20 probability) or $105 (80 probability), pending a news announcement A dealer believes that 80 of the traders are noise traders and 20 are informed traders The dealer is setting her bid price At what value of the bid price does she...

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.NoWork's stock at the end of the day is expected to be worth $95 (20% probability)...

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.NoWork's stock at the end of the day is expected to be worth $95 (20% probability) or $105 (80%

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Corporate Finance

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