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remilard
10-20-2007, 05:08 PM
Why is the value of two shares of stock at t=0 $45?
Engedi
10-21-2007, 04:13 AM
Why is the value of two shares of stock at t=0 $45?

It's a typo. The share price in Practice Essay Problem #1 should be $45 rather than $20.
remilard
10-21-2007, 11:09 AM
It's a typo. The share price in Practice Essay Problem #1 should be $45 rather than $20.

Thanks, I stared at the errata sheet last night for 2 minutes and still missed it.