SIG (Susquehanna)–styleTraderAssistant TraderQuestion #20
I have a painting. If it is an original, it is worth $500,000; if it is not, it is worth $10,000. The probability that it is an original is 0.2. I have an option to pay $100,000 for the painting after inspection. What is the value of this option?
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More SIG (Susquehanna)–Style Trader Questions
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