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Please either submit via Canvas or bring your assignments to section on October 15. You...

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Finance

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Please either submit via Canvas or bring your assignments to section on October 15. You can type or write out the answers, but remember that the TAs and I must be able to actually read your hand writing. Each subproblem is worth 5 points. No late problem sets will be accepted. 1. John wants to sell his car. His friend is willing to pay $5000 for the car. For any price between $5000 & $6000 he can sell the car with probability 6 1000. Suppose that his weighting function is linear (ie a (p) = p) and his valuation function is given as follows: 9 v(x) = V if x > 0 1-v=r if x 0 1-v=r if x

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