What should peter bid per share for company

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Investor Peter Fischer is bidding to take over a biotech company. The company is equally likely to be worth any amount between $0 and $200 per share. Only the company itself knows its true value. Peter is such a good investor that the market will immediately estimate the firm's value at 50% more than its true value. What should Peter bid per share for this company?

Reference no: EM133212466

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What should peter bid per share for company : Investor Peter Fischer is bidding to take over a biotech company. The company is equally likely to be worth any amount between $0 and $200 per share.
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