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WANT TO EARN $5MM A YEAR DOING NOTHING?

Just answer these Larry Summers hedge fund interview questions:

1.  Ten people are bidding on a stock at 90, while 100 people are offering to sell it at 91. What price is the next trade?

2.  There’s a dollar on the table. I’m going to flip a coin. If it comes up heads, I’ll double the money. If it comes up heads again, I’ll double it again. Whenever it comes up tails, we stop.

But there’s a catch: You have to pay a fee to play. How much are you willing to pay?

3.  x = the economy

x + y = the economy not all screwed up

Find y.

Can you go 3 for 3?


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