Multiple Choice
Suppose that it is summer 2012 and President Obama is running for reelection. In the Iowa Electronic Markets, a share of Obama is selling for $0.54 and will give $1 if Obama wins the election. Market participants believe that Obama's probability of winning reelection is:
A) 4.6 percent.
B) 5.4 percent.
C) 54 percent.
D) 46 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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