Market Making
Fair Value
Medium
Selling Above Expected Value
An asset settles at with probability and otherwise. A dealer sells one unit at . Find the expected dealer P&L.
Quant interview-style problem · QS-MM-012
Question 19 of 62
An asset settles at with probability and otherwise. A dealer sells one unit at . Find the expected dealer P&L.
Think first. Use hints deliberately. Study the reasoning only when you need it.