5496金融与交易中等数值题short

Fill With Carry Cost 1

题目

Round 1 has fill probability 0.32 and edge 0.024, but a round-1 fill also creates carry cost 0.006 before the next decision point. If round 1 does not fill, round 2 has fill probability 0.28 and edge 0.02. What is total expected edge?

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