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5396金融与交易中等数值题short

No-Loss Quote After Order Flow 1

题目

Value is either 99 or 101 with prior P(high)=0.5. If value is high, the probability of a buy order is 0.82; if value is low, it is 0.28. You observe a buy order and must set the break-even ask. What price avoids expected loss?

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