ꯔꯨꯂꯦꯠ ꯁ꯭ꯇ꯭ꯔꯦꯠ-ꯑꯞ ꯕꯦꯠ
ꯔꯨꯂꯦꯠ ꯁ꯭ꯇ꯭ꯔꯦꯠ-ꯑꯞ ꯕꯦꯠ ꯑꯃꯅ ꯃꯁꯤꯡ ꯑꯃꯈꯛꯇ ꯆꯤꯞ ꯑꯃꯥ ꯊꯝꯃꯤ꯫ ꯇꯦꯕꯜꯗ ꯈ꯭ꯕꯥꯏꯗꯒꯤ ꯈꯔꯥ ꯈꯛꯇꯗ ꯃꯥꯏꯄꯥꯛꯄ ꯑꯃꯁꯨꯡ ꯈ꯭ꯕꯥꯏꯗꯒꯤ ꯆꯥꯎꯕ ꯄꯦꯑꯥꯎꯠ, ꯑꯇꯣꯞꯄ ꯄꯨꯝꯅꯃꯛꯀꯨꯝꯅ ꯍꯥꯎꯁ ꯑꯦꯖ 2.70% ꯃꯥꯟꯅꯩ꯫

ꯔꯨꯂꯦꯠ ꯁ꯭ꯇ꯭ꯔꯦꯠ-ꯑꯞꯀꯤ ꯄꯦꯑꯥꯎꯠ ꯑꯃꯁꯨꯡ ꯊꯣꯛꯄꯒꯤ ꯈꯨꯗꯣꯡꯆꯥꯕ
ꯄꯣꯀꯦꯠ 37 ꯒꯤ ꯃꯅꯨꯡꯗ ꯑꯃꯈꯛ ꯃꯥꯏꯄꯥꯛꯏ: 1/37, ꯅꯠꯔꯒ 2.70%꯫ ꯀꯦꯁꯤꯅꯣꯅ 35:1 ꯄꯤꯔꯤ꯫ ꯄꯣꯀꯦꯠ 37 ꯗ ꯆꯨꯝꯃꯤꯟꯅꯕ ꯄꯦꯑꯥꯎꯠ 36:1 ꯑꯣꯏꯒꯗꯕꯅꯤ; ꯃꯥꯡꯈꯤꯕ ꯌꯨꯅꯤꯠ ꯑꯃꯗꯨꯅꯤ ꯍꯥꯎꯁ ꯑꯦꯖ꯫
$1 ꯈꯨꯗꯤꯡꯗ EV = (1/37)(35) − (36/37)(1) = −1/37 = −$0.0270
ꯊꯝꯂꯕ ꯁꯦꯜꯒꯤ ꯈꯨꯗꯝ
ꯚꯦꯌꯔꯤꯌꯦꯟꯁ
ꯃꯥꯡꯒꯗꯕ ꯁꯦꯜ ꯑꯁꯤ ꯑꯉꯥꯡꯕꯒ ꯃꯥꯟꯅꯩ, ꯑꯗꯨꯕꯨ ꯃꯍꯩꯁꯤꯡꯒꯤ ꯁꯟꯗꯣꯀꯄ ꯃꯥꯟꯅꯗꯦ꯫ ꯊꯝꯂꯕ ꯗꯣꯂꯥꯔ ꯈꯨꯗꯤꯡꯗ, ꯁ꯭ꯇ꯭ꯔꯦꯠ-ꯑꯞ ꯕꯦꯠ ꯑꯃꯒꯤ ꯁ꯭ꯇꯦꯟꯗꯔꯗ ꯗꯤꯚꯤꯌꯦꯁꯟ ꯃꯇꯧ ꯑꯁꯨꯝꯅ 5.84 ꯂꯩ, ꯆꯞ ꯃꯥꯟꯅꯕ ꯕꯦꯠ ꯑꯃꯒꯤ 1.00 ꯒ ꯆꯥꯡꯗꯝꯅꯔꯒ꯫ $10 ꯗ ꯁ꯭ꯄꯤꯟ 100 ꯒꯤ ꯃꯅꯨꯡꯗ, ꯑꯉꯥꯡꯕꯗ ꯁꯥꯟꯅꯔꯤꯕ ꯑꯃꯥ ꯌꯥꯝꯅꯅ ꯐꯪꯒꯗꯕꯗꯒꯤ ±$100 ꯒꯤ ꯃꯅꯨꯡꯗ ꯂꯩ; ꯁ꯭ꯇ꯭ꯔꯦꯠ-ꯑꯞ ꯁꯥꯟꯅꯔꯤꯕ ꯑꯃꯥ ꯌꯥꯝꯅꯅ ±$584 ꯒꯤ ꯃꯅꯨꯡꯗ ꯂꯩ꯫
ꯃꯑꯣꯡ ꯃꯇꯧꯁꯤꯡ
- ꯁꯦꯁꯟꯒꯤ ꯃꯤꯗꯤꯌꯥꯟ ꯃꯍꯩ ꯑꯁꯤ ꯆꯨꯃꯗ꯭ꯔꯕ ꯃꯥꯡꯕꯅꯤ; ꯑꯦꯚꯔꯦꯖ ꯑꯁꯤ ꯈꯔꯥ ꯈꯛꯇꯗ ꯂꯥꯀꯄ 35:1 ꯒꯤ ꯃꯥꯏꯄꯥꯛꯄꯁꯤꯡꯅ ꯋꯥꯡꯈꯠꯍꯜꯂꯤ꯫
- ꯃꯥꯏꯄꯥꯛꯄ ꯑꯃꯒꯤꯗꯃꯛ ꯉꯥꯏꯒꯗꯕ ꯃꯇꯝ ꯑꯁꯤ ꯁ꯭ꯄꯤꯟ 37 ꯅꯤ, ꯑꯃꯁꯨꯡ ꯉꯥꯏꯕ ꯃꯇꯝ ꯌꯥꯝꯅꯅ ꯃꯤ ꯌꯥꯝꯅꯅ ꯈꯟꯊꯕꯗꯒꯤ ꯍꯦꯟꯅꯥ ꯁꯥꯡꯏ: ꯁ꯭ꯄꯤꯟ 37 ꯒꯤ ꯃꯇꯨꯡꯗꯁꯨ ꯃꯥꯏꯄꯥꯛꯄ ꯑꯃꯠꯇ ꯂꯩꯇꯕꯒꯤ ꯈꯨꯗꯣꯡꯆꯥꯕ 36% ꯂꯩꯔꯤ꯫
- ꯃꯅꯨꯡꯒꯤ ꯕꯦꯠꯁꯤꯡꯒꯤ ꯇꯦꯕꯜꯒꯤ ꯈ꯭ꯕꯥꯏꯗꯒꯤ ꯅꯦꯝꯕ ꯕꯦꯠ ꯌꯥꯝꯅꯅ ꯆꯤꯞ ꯈꯨꯗꯤꯡꯗ ꯍꯦꯟꯅꯥ ꯅꯦꯝꯃꯤ, ꯑꯗꯨꯕꯨ ꯃꯅꯨꯡꯒꯤ ꯕꯦꯠ ꯄꯨꯝꯅꯃꯛꯀꯤ ꯈ꯭ꯕꯥꯏꯗꯒꯤ ꯅꯦꯝꯕ ꯄꯨꯟꯁꯤꯟꯕ ꯑꯃꯥ ꯌꯥꯝꯅꯅ ꯆꯠꯂꯤ꯫
- ꯔꯨꯂꯦꯠꯇ ꯁ꯭ꯇ꯭ꯔꯦꯠ-ꯑꯞ ꯕꯦꯠꯄꯨ ꯐ꯭ꯔꯦꯟꯆ ꯃꯑꯣꯡꯒꯤ ꯀꯦꯁꯤꯅꯣꯁꯤꯡꯗ ꯄ꯭ꯂꯦꯟ ꯍꯥꯌꯅ ꯀꯧꯏ꯫
ꯅꯣꯛꯅꯕꯒꯤ ꯀꯃꯤꯛ

ꯑꯉꯥꯡꯕꯒꯤ ꯃꯥꯟꯅꯕ ꯃꯥꯡꯒꯗꯕ ꯁꯦꯜ, ꯑꯗꯨꯕꯨ ꯁꯟꯗꯣꯀꯄ ꯌꯥꯝꯅ ꯍꯦꯟꯅꯥ ꯄꯥꯛꯄ꯫